College Station, TX – Paramount Lodging Advisors (PLA) has successfully executed the sale of a Marriott-branded hotel located in College Station near Texas A&M University. Texas-based Sr. Managing Director Kami Burnette and Sr. Associate Mason McDavid, as well as Sr. Managing Directors Bennet Webster and Brent Clemens represented the seller in the transaction.
The 94-key, extended-stay hotel was built in 1999 and is located only a mile and a half from Texas’ largest public university. The new owners are excited to begin work on the Marriott property improvement plan where they hope to benefit from refreshed room product in a continually growing college-driven market.
“The new owners are excited to add a Marriott flag to their existing College Station hotel portfolio,” stated Kami Burnette and Mason McDavid. “PLA was able to attract sufficient amount of Marriott approved owners to participate in the process who are confident about the future outlook of College Station as a whole.”