Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, brokered the sale of a two-property hotel portfolio in Upstate New York.

The portfolio includes the 197-room former Holiday Inn Syracuse Liverpool and the 123-room Staybridge Suites Syracuse Liverpool. Both properties are adjacent to Interstate 90, with direct access to Syracuse Hancock International Airport and nearby demand drivers such as Syracuse University, NBT Bank Stadium, and the Destiny USA shopping and entertainment complex. Hotel amenities include indoor pools, business centers, fitness centers and complimentary airport shuttles.

“I am pleased to have successfully transacted this nuanced deal,” said Jerry Swon, investment specialist, Marcus & Millichap. “Both hotels will be renovated, with the Staybridge continuing to operate under the IHG flag, while the former Holiday Inn will be reopened and operated independently for the time being.”

Swon and Eric Anton, investment specialists in the company’s Manhattan office, exclusively marketed the property on behalf of the private seller, with Swon procuring the buyer.

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