Close

Cart

Total $0.00

Checkout

Beaumont, TX - Paramount Lodging Advisors (PLA) has successfully executed the transaction of the Courtyard by Marriott in Beaumont, TX.  Managing Director Kami Burnette and Managing Director Adam Montufar represented the seller in the sale.

The 78-room upscale hotel is ideally located on Interstate 10 in Beaumont.  This transaction represented the buyer’s objective to capitalize on increasing revenues generated from the oil-driven market. Upon completion of the property improvement plan (PIP), the buyer should be well-positioned to penetrate the market. 

“The shale boom has generated a surge in Texas oil exports and its impact on employment in the region has generated strong demand for hoteliers.   This is a unique opportunity for the new owner to realize a strong yield on their asset,” stated Kami Burnette.

The PLA Texas’ office closed its second deal in Beaumont in the past six months and this transaction marks the eighth successful transaction in Texas since last summer.

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 about PLA, please visit www.paramountlodging.com.

Contact: jbubis@paramountlodging.com

jbubis@paramountlodging.com / 3122390166

Related News

Avison Young Announces Recent Closings

Avison Young Announces Portfolio Sale in San Francisco

Avison Young Hospitality Group Announces Recent Closings

Hospitality M&A Focus to Shift to Smaller, Niche Platforms in 2019

Paramount Lodging Advisors Arranges the Sale of the DoubleTree by Hilton – Pruneyard Plaza Hotel in Campbell/San Jose California

Leisure Real Estate Advisors, LLC Announces the Sale of the Holiday Inn Express & Suites, Newton, KS.

Avison Young Hospitality Group Recent Closings

Avison Young Hospitality Group Recent Closings

Avison Young Hospitality Group Recent Closing

Avison Young Hospitality Group Recent Closings

Paramount Lodging Advisors Sells Ocean Front Gold Beach Inn, Ireland’s Rustic Lodges & RV Park and Ireland’s Commercial Income Property in OR

Paramount Lodging Advisors Sells Bakersfield, CA Four Points by Sheraton Hotel

Many Hotel Sellers Won Big in 2018

Lingerfelt Commonwealth Sells Five Hotels in Orlando, Florida, Atlanta, Georgia, and Charlotte, North Carolina

Paramount Lodging Advisors Successfully Completes another Iowa Transaction with the Sale of the Holiday Inn Express (Collins Rd.) in Cedar Rapids, IA

Paramount Lodging Advisors (PLA) Sells the Hampton Inn & Suites Federal Way/Seattle Washington

Chatham Lodging Acquires New Courtyard by Marriott Dallas Downtown for $49 Million ($293K per Room)

Market Snapshot: Asia Pacific 2018

New Courtyard by Marriott Set to Open in Southington, Connecticut Led by General Manager Ina Gallant

Owned and Managed by Brandt Hospitality Group, Courtyard by Marriott Opens in Fargo, North Dakota

All News »

Please login or register to post a comment.