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Marcus & Millichap

Marcus & Millichap Real Estate Investment Services, the nation's largest real estate investment services firm, has announced the sale of Travelodge in Colorado Springs, Colo., according to Richard A. Bird, regional manager of the firm's Salt Lake City office. The hotel, a 50-unit, interior corridor property, is located at 2625 Ore Mill Road in Colorado Springs, Colo.

Mike Francis and Chrisitan Child, both investment specialists in Marcus & Millichap's Salt Lake City office, had the exclusive listing to market the hotel on behalf of the seller and secured the sale in also representing the buyer in the transaction. The asset commanded a sales price of $1.865M.