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Chicago & Midwest  + Indianapolis + Midwest  + Hospitality  |  November 14, 2021
Motel 6 Indianapolis
Paul Bubny
By: Paul Bubny

Miller-Gomes Team Finalizes Indianapolis Motel 6 Deal

Marcus & Millichap closed the sale of a 72-key Motel 6 in Indianapolis. The asset sold for $2,500,000. 

The lodging property investment sales team of Ebrahim Valliani, Michael Klar, Chris Gomes, Allan Miller and Robert Marro marketed the property on behalf of the seller, a Texas-based private investor.  The buyer, a limited liability company, was secured and represented by Alexandre Duong and Alex K. Fifner, investment specialists in Marcus & Millichap’s Cleveland office. Josh Caruana, Indiana broker of record, assisted in closing this transaction. 

Motel 6 Indianapolis is located at 4585 S. Harding St. in Indianapolis, 10 miles from Indianapolis International Airport.  The property was recently renovated per G6 Hospitality standards, and previous absentee ownership provides an operational upside for the buyer. Klar attributed the closing to great execution and constant communication with all parties involved. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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