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Marcus & Millichap Announces Sale of Candlewood Suites in Miami Lakes
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Marcus & Millichap Announces Sale of Candlewood Suites in Miami Lakes
MIAMI LAKES, Florida—Marcus & Millichap announced the sale of Candlewood Suites Miami Lakes, a 94-room hotel in Miami Lakes, Florida. The property reopened under the Candlewood Suites flag in mid-December 2024 following its conversion from a TownePlace Suites. “Buyer valuations relied almost entirely on projections of future revenue and net operating income following a brand conversion and renovation,” said Robert Hunter, senior managing directo…
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