The Plasencia Group Advises on Sale of Embassy Suites Baton Rouge
September 3, 2013 5:29pm
Tampa, Fla. (September 3, 2013) – The Plasencia Group is pleased to announce the sale of the Embassy Suites Hotel located in Baton Rouge, Louisiana. The 223-suite, full-service hotel was sold by FelCor Lodging Trust for $20 million.
According to Robert Wiemer, Senior Vice President of The Plasencia Group’s Southwest Region, “The Baton Rouge Embassy Suites offers the new owner an outstanding opportunity to expand the hotel’s already formidable presence in the Baton Rouge market. It is already the preferred hotel for Louisiana State University, Southern University, ExxonMobil and the Louisiana state government. The comprehensive renovation and upgrade of the city’s most popular hotel, which will be implemented during the next year, will only enhance the Embassy’s reputation in the region.”
The Embassy Suites is located near the intersection of Interstate 10 and College Drive. The hotel’s central location within Baton Rouge, its popular brand, and its suite product create a lodging establishment that has been a leader in the regional hospitality market for the last 20 years. The Embassy’s 223 suites and 7,000 square feet of meeting and banquet space allow the hotel to aggressively compete within all demand segments.
The disposition assignment was handled by a team of professionals led Robert Wiemer, Senior Vice President of TPG’s Southwest Region.
Tags: the plasencia group,
embassy suites baton rouge
Contact: Nick Plasencia, Vice President
The Plasencia Group Advises on Sale of the Marriott San Diego Del Mar Hotel
FelCor to Sell Morgans and Royalton Hotels
Q3 2015 Financial Reports Round Up: Wyndham, Felcor & Extended Stay America
Aimbridge Hospitality Assumes Management of Embassy Suites Chicago Lombard/Oak Brook
The Plasencia Group Advises on Sale of the DoubleTree by Hilton Pittsburgh - Green Tree Hotel
Felcor Announces Sale of Three Non-Strategic Hotels
The Plasencia Group Advises on Sale of the DoubleTree Denver-Westminster Hotel
The Plasencia Group Closes Sale of the Embassy Suites Chicago - Schaumburg/Woodfield Hotel
The Plasencia Group Represents FelCor in Sale of Embassy Suites San Antonio - Northwest I-10 Hotel
The Plasencia Group Advises on Sale of Marriott Baton Rouge
The Plasencia Group Represents FelCor in Sale of Embassy Suites San Antonio International Airport
Felcor Sells the Embassy Suites San Antonio International Airport Hotel for $29.5 million
The Plasencia Group Advises on Sale of The Former DoubleTree by Hilton Hotel Richmond Downtown
Felcor Sells Two Non-Strategic Hotels for $63.6 M, Enters Agreement to Sell Third for $29.5 M
The Plasencia Group Completes Sale of DoubleTree by Hilton New Orleans
InterContinental Tampa Westshore Sale Led by The Plasencia Group
The Plasencia Group Announces the Sale of the Hilton Garden Inn Dallas Market Center
The Plasencia Group Announces the Addition of Chris Plasencia, Vice President
The Plasencia Group Announces the Sale of the Marriott Waterside Hotel & Marina in Tampa, Florida
The Plasencia Group Announces the Addition of John Plasencia, Senior Financial Analyst
Please login or register to post a comment.