An 83-room Travelodge hotel in Mission Valley has been sold for approximately $9 million, according to brokerage company Marcus & Millichap Inc., which represented the buyer.
The buyer of the property, at 1201 Hotel Circle South off Interstate 8, was Cathy Herrick of San Diego, represented by Marcus & Millichap’s Christopher Zorbas. Sellers included Dwight Frerichs and other tenants-in-common.
Marcus & Millichap’s Chad O’Connor secured financing for the deal.