Mill Valley Holiday Inn Express Sells for $28MM

Mill Valley, Holiday Inn Express, Cushman & Wakefield, San Francisco, Marin County

Mill Valley Holiday Inn Express
(EDITOR’S NOTE: Public records indicate that the sale closed in July for a sale price of $28 million, or $280,000 per key.)

SAN FRANCISCO, SEPTEMBER 10, 2015 – Cushman & Wakefield today announced that it represented ARE WCP MILL VALLEY HOTEL, LLC., in the previously announced sale of The Holiday Inn Express Mill Valley hotel, located in Marin County, just seven miles north of San Francisco. The buyer was a privately owned company based in Northern California. The transaction marked the highest per key price for a Holiday Inn Express branded hotel, outside of New York City.

Situated in one of the nation’s most vibrant, coveted and picturesque lodging markets, The Holiday Inn Express Mill Valley features many resort-style amenities. The hotel is located in immediate proximity to some of California’s most iconic attractions, including the Golden Gate Bridge, Muir Woods, Mt. Tamalpais and Sausalito. It is also positioned in the heart of The Bay Area’s most prosperous corporate demand generators that attract year-round demand from visitors from all parts of the world.

The 100-room hotel features market-leading amenities, such as 24-hour fitness center, a resort-style pool, an upscale meeting space, complimentary continental breakfast, lush landscaped grounds, as well as an outdoor patio and fire pit. The hotel’s acclaimed Frantoio Ristorante is a Marin County favorite.

A Cushman & Wakefield team consisting of James Escarzega, Steve Michels and Nik Feldman from the Global Hospitality group represented the seller in the transaction.

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