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Marcus & Millichap Real Estate Investment Brokerage Co.

NAA member Marcus & Millichap Real Estate Investment Brokerage Co. announced the sale of Best Western Palmer House in Colorado Springs, Colo., according to David A. Wetta, First Senior Vice President. This hotel is a 150-room property located at 3010 N. Chestnut St. The property sold for $3,700,000 to Janosz Family Limited Partnership of San Diego. Richard Sonntag of Colorado Springs, Colo., the seller, owned the property for 15 years. Bernard Phillippe, of the Marcus & Millichap Phoenix office, represented the seller, and Herman Spielkamp of Grubb & Ellis Quantum Commercial represented the buyer in the transaction.
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Date:Jun 1, 2001
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