Paramount Lodging Advisors (PLA) has successfully executed the sale of the Courtyard Houma LA, Staybridge Suites Laredo TX, Holiday Inn Express & Suites Cotulla TX, Fairfield Inn & Suites San Angelo TX, Staybridge Suites San Angelo TX, Springhill Suites Ardmore OK and Hampton Inn Denton TX via online auctions. The hotels were part of a larger portfolio.
The PLA team representing the seller was led by Kami Burnette, Brent Clemens, and Bennett Webster
“Despite the ongoing national and regional challenges in the current market, our team remains very bullish on the longer-term industry rebound and we believe Texas will remain at the forefront of the recovery,” stated Kami Burnette of Austin, TX.
The sales add to Paramount Lodging Advisors’ continued and unprecedented success over the course of the national recovery. The team has maintained a+95% closure rate in the past year.
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. PLA has a national presence with 20 brokers across 12 offices. For more information about PLA, please visit www.paramountlodging.com.