Dallas, TX – HotelBrokerOne,
in conjunction with Sunbelt Hotel Brokers, sold a popular hotel located in
the University area of Tyler, TX. The 73 room, 3-story hotel on
SE Loop 323 was purchased by a California based private investor at an
The LaQuinta, constructed in late
2014, required very little franchise upgrades and will continue operations as a
LaQuinta Inn & Suites. However, the buyers are planning improvements
to the hotel together with an intensive staff training program to improve
investment returns for years to come.
“There was significant interest in
the LaQuinta from the beginning of marketing," said Dallas Managing
Director Joe Strain, ISHC of HotelBrokerOne. “The interest was certainly
understandable; the hotel's performance has been exceptional and the market is
expected to grow faster than Texas overall."
HotelBrokerOne is a national hotel
brokerage firm that has sold over 600 hotels since inception. For more
information go to www.hotelbrokerone.com.
Joe Strain, ISHC