Wichita, KS – HotelBrokerOne,
in conjunction with Gallegos & Associates, Inc., sold a popular hotel
located near Towne East Mall. This 97 room, 6 story hotel was
purchased by a California based private investor for $3,235,000.
The Garden Inn and Suites,
formerly LaQuinta, was constructed in 1973, and is being converted to Red Roof
Inn Plus. Buyers are planning extensive renovations to the hotel together
with an intensive staff training program to improve investment returns for
years to come.
Gallegos & Associates, Inc.
is a national hotel brokerage firm formed in 1999, licensed in numerous
states. HotelBrokerOne is a national hotel brokerage firm that has sold
over 600 hotels since inception. For more information go to www.hotelbrokerone.com.