Paramount Lodging Advisors (PLA) Sells Texas Fairfield Inn & Suites

/Paramount Lodging Advisors (PLA) Sells Texas Fairfield Inn & Suites

Paramount Lodging Advisors (PLA) Sells Texas Fairfield Inn & Suites

|2018-07-09T13:19:46-04:00July 9th, 2018|

Beaumont, TX – Paramount Lodging Advisors (PLA) has successfully executed the transaction of the Fairfield Inn & Suites in Beaumont, TX. Managing Director Kami Burnette and Managing Director Adam Montufar represented the seller in the transaction.

The 74-room upper-midscale hotel was ideally located on Interstate 10 in Beaumont. The buyer was looking to capitalize on increasing revenues generated from the oil-driven market and substantially supplement the cash flow of their existing hotel portfolio.

“Post Hurricane Harvey, the increasing commodities pricing is stabilizing the region and have presented an opportunity for the new owner to realize a strong yield on their asset,” stated Kami Burnette.

PLA Texas’ office is continuing to grow with this transaction marking the seventh successful transaction in the last twelve months.

About Paramount Lodging Advisors

Paramount Lodging Advisors (PLA) is a hotel brokerage and advisory firm specializing in the sales of hospitality assets, debt and equity placement, as well as value enhancement services across the United States. For more information regarding PLA, please visit www.ParamountLodging.com

Contact: Jacki Bubis

[email protected]/3122390166

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