Stanton, TX – HotelBrokerOne
recently completed the sale of the hotel formerly known as the Cobblestone Inn, located in Stanton,
TX. The hotel is 54 units and has been closed for over a year. The hotel was
sold to a Texas hospitality investment company, Shiv Gange III.
The Hotel, constructed in 2014, is
in excellent condition and will reopen within the month. The recent increase of
activity in the Permian Basin led to a quick sale. Ted Holmes, VP of
HotelBrokerOne, said “The new owners have a good track record of hotel
operations and providing excellent guest services and I believe this will be
very beneficial for Stanton and the surrounding areas.”
HotelBrokerOne is a national hotel
brokerage firm that has sold over 600 hotels since inception. For more
information go to www.hotelbrokerone.com.