SALISBURY, MARYLAND— November 2, 2021— Principal Chris Davis of NAI Coastal brokered the sale of the Quality Inn located at 2701 North Salisbury Boulevard in Salisbury, Maryland. The 96-room limited service hotel fronts Route 13’s northbound lanes in the heart of Wicomico County’s retail district.
The $4.2 million dollar hotel was acquired by Davis’ client as part of a 1031 Tax Deferred Exchange. The investor plans to continue hotel operations working to capitalize on the property’s central location on the Delmarva Peninsula.
“I’ve confidentially worked with the seller of this property for many years in effort to find a suitable buyer,” said Davis. “It’s great to see his persistence pay off at the same time as I’m able to help the buyer navigate and satisfy his tax-deferred exchange.”
Davis specializes in the sale of income producing investment properties. To inquire about this transaction or other confidential opportunities, contact Principal Chris Davis at Chris@NAICoastal.com / Tori@NAICoastal.com or by calling 410-543-5115.
About NAI Coastal
NAI Coastal is a full-service commercial brokerage headquartered at Riverview Commons, 150 West Market Street, Suite 101 in Downtown Salisbury, Maryland. The team of eleven advisors have comprehensive market knowledge and an unwavering commitment to the Delmarva region. In addition to brokerage and development, NAI Coastal rounds out their service offerings with consulting, which covers leasing, assemblage, acquisition and sale and investment advising. For more information please visit www.naicoastal.com or call 410-543-5115.