Ultima Hospitality Sells its Holiday Inn Express Mill Valley in Marin County, CA for $28 million

Ultima Hospitality | July 17, 2015

Chicago, IL (July 17, 2015) – Ultima Hospitality, an industry-leading investment and hotel management company, in partnership with Argosy Real Estate, today announced the sale of the Holiday Inn Express® in southern Marin County, CA for a sale price of $28 million. Formerly the Larkspur Mill Valley Hotel, Ultima rebranded the 100-room hotel to a Holiday Inn Express in the fall of 2012. As part of the rebranding, Ultima executed a targeted improvement plan including a redesign of all guestrooms, remodeled common areas and extensive improvements to the property's exterior. Nir Liebling, chief investment officer of Ultima Hospitality, n...