Paramount Lodging Advisors Team Sells Hampton Inn in Victoria, TX
June 14, 2018 7:33am
Victoria, TX—Paramount Lodging Advisors (PLA) has arranged the sale of the Hampton Inn Victoria, TX. Managing Director Kami Burnette and Senior Associate Hussain Waseem sold the property via the Real Insight Marketplace platform.
The 68-room hotel is located just north of downtown Victoria and is proximate to all broader area Victoria demand. Future plans under new ownership include a significant renovation to meet Hampton's Forever Young standard.
“The increasing commodities pricing is stabilizing the region and have presented a profitable opportunity for the new owner to add a premium brand to his hotel portfolio," stated Burnette.
The sale reinforces PLA Texas’ growth marking the office’s sixth successful transaction in the last twelve months.
Tags: paramount lodging advisors,
hotel real estate transactions,
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
OTO Wins Hilton Developer of the Year Award -- for 2nd Consecutive Year
Hotel Capital Acquires The Tremont Chicago Hotel at Magnificent Mile and Mike Ditka’s Restaurant
Paramount Lodging Advisors Team Arranges Sale of the Holiday Inn Express St. Louis – Central West End St. Louis, MO
Authenticity Confronts Branding: Non-Branded Hotel Properties Offer Great Opportunity to Those Who Understand the Market
Paramount Lodging Advisors West Coast Office Sells California Courtyard by Marriott Land
Paramount Lodging Advisors Breaks Ground On New Chicago Office
Paramount Lodging Advisors Brings on New Senior Associate Sean Banilivy For Capital Markets
Paramount Lodging Advisors Sells 12th Consecutive Property in the Indiana Market
Driftwood Acquisitions and Development Acquires Doubletree by Hilton St. Augustine and Hampton Inn Daytona Beach/Beachfront
Paramount Lodging Advisors Arranges the Sale of Two Dallas-Area Fairfield Inn & Suites
Sale of Sheraton Metairie - New Orleans Hotel Facilitated by The Plasencia Group
Paramount Lodging Advisors Team Sells the Comfort Suites in Lafayette, IN
Paramount Lodging Advisors Team Arranges Sale of the Heartland Inn Coralville, IA
Paramount Lodging Advisors Welcomes Managing Directors Andy Wardner and Brian Guernier
Paramount Lodging Advisors Arranges the Sale of the Former Residence Inn located NW Indianapolis, IN
Paramount Lodging Advisors Sells Quality Inn & Suites Houston - Westchase
Paramount Lodging Advisors Assists in the Sale of the Detroit Metro Airport Marriott
Paramount Lodging Advisors’ Interns Awarded Highest Honors At DePaul University’s Real Estate Department Fall Reception
Paramount Lodging Advisors Opens St. Louis Office and Welcomes New Agent
Paramount Lodging Advisors Arranges the Sale of 649 Jones Street Formerly “Halcyon Hotel” Located in San Francisco, California
Please login or register to post a comment.