Paramount Lodging Advisors Successfully Transacts in Lubbock With the Sale of the Embassy Suites

Paramount Lodging Advisors | January 17, 2023

LUBBOCK, TX - Paramount Lodging Advisors (PLA) has successfully executed the sale of a Hilton-branded hotel located in SW Lubbock near South Plains Mall.  Texas-based Senior Managing Director Kami Burnette and Senior Associate Mason McDavid, along with Principals Bennett Webster and Brent Clemens represented the seller in the transaction. The full-service 156-key Embassy Suites was built in 1982 and features multiple meeting rooms and a restaurant. The new owners are excited to repurpose the legacy hotel to an alternative use in a growing Texas market, home to one of the state’s largest universities. “The hotel was sold unencumbere...