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Marcus & Millichap Facilitates $40 Million Hospitality Asset Sale in Baton Rouge

  • Marcus & Millichap facilitated the $40.5 million sale of the 291-room Hilton Baton Rouge Capitol Center in Baton Rouge, Louisiana.
  • The buyer is Northshore Development, an Orlando-based firm led by CEO Franz Hanning.
  • Marcus & Millichap agents Chase Dewese, Jack Davis, Joce Messinger, and broker of record Steve Greer exclusively represented the buyer.
  • The property is a historic riverfront asset located near the Louisiana State Capitol, LSU, & various cultural venues.
  • Marcus & Millichap reported closing 7,836 transactions totaling approximately $49.6 billion in 2024.