Paramount Lodging Advisors Successfully Transacts in Lubbock TX With the Sale of the La Quinta Inn & Suites

Paramount Lodging Advisors | August 29, 2022

Lubbock, TX - Paramount Lodging Advisors (PLA) has successfully executed the sale of the La Quinta Inn & Suites located in in the northwest submarket of Lubbock, TX.  Sr. Managing Director Kami Burnette and Sr. Associate Mason McDavid represented the owner in the transaction. The 109-room hotel, built in 2009, was renovated in 2019 and was marketed as a turn-key operation.  The hotel was purchased by Diya Lubbock Hotels LLC, based in Mesquite, TX. “The Lubbock hotel market is attractive based on the strength of the core demand generated by Texas Tech University, Covenant Health and project-based business from alternative energy ...