Houston, TX – Paramount Lodging Advisors (PLA) has successfully executed the transaction of the Drury Inn & Suites located at the William P. Hobby International Airport (Hobby) in Houston, TX. Managing Director Kami Burnette, Sr. Managing Director Adam Montufar and Associate Lora Simpson represented Drury Development Corporation in the transaction.
The 133-room upper-midscale hotel is ideally located off of Interstate 45 proximate to Hobby. GreenTree Inns purchased the hotel as part of their strategy to acquire and rebrand well-located hotels in major metros.
“The transaction was relatively seamless and we were pleased to execute another deal on behalf of Drury,” stated Kami Burnette. “The buyer plans to rebrand to position the hotel to gain brand recognition in the growing Hobby market.”