Mason McDavid
Paramount Lodging Advisors Successfully Transacts in College Station With the Sale of the TownePlace Suites by Marriott
Paramount Lodging Advisors | April 25, 2023
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 contin...
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...
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 ...
Paramount Lodging Advisors Successfully Transacts in Houston With the Sale of the Four Points by Sheraton Hobby Airport
Paramount Lodging Advisors | April 6, 2022
Houston, TX - Paramount Lodging Advisors (PLA) has successfully executed the sale of the Four Points by Sheraton Hobby Airport. Austin, TX-based Sr. Managing Director Kami Burnette and Sr. Associate Mason McDavid along with Sr. Managing Directors Brent Clemens and Bennett Webster represented the special servicer in the transaction. The 79-key, 2011 built hotel is ideally located near Hobby Airport. The buyer has increased the number of hotels owned in the submarket and is looking to capitalize on economies of scale as the Hobby submarket continues to recover after airline travel was disrupted with the onset of COVID-19. “With viru...
Paramount Lodging Advisors Successfully Sells the Wyndham Garden Inn Oklahoma City Airport
Paramount Lodging Advisors | April 5, 2022
Oklahoma City, OK – Paramount Lodging Advisors (PLA) successfully transacted on the Wyndham Garden Oklahoma City Airport. Austin, TX-based Sr. Managing Director Kami Burnette and Sr. Associate Mason McDavid as well as Managing Director Rob Willard represented the seller. The 244-room hotel is optimally located approximately four miles north of Will Rogers World Airport in Oklahoma City. The new buyer is looking forward to ramping property performance after renovating the 1984-built hotel and as airline and corporate business return to pre-pandemic levels in the MSA. “The Oklahoma City hotels were negatively impacted by COVID-19 and ...
Paramount Lodging Advisors Expands Hotel Brokerage Team
Paramount Lodging Advisors | January 27, 2020
Paramount Lodging Advisors (PLA) is pleased to welcome three new team members to PLA, Andrew Makhlouf, Eric Gunderson, and Mason McDavid. All three individuals bring with them a unique set of skills that will continue to benefit and enhance the services that PLA provides to their clients. Andrew is based out of PLA’s Chicago HQ and is licensed to practice law in Illinois. Prior to joining PLA, Andrew exclusively worked as counsel representing clients in commercial and real estate transactions and other business-related activities. Mr. Makhlouf has a vast knowledge on all aspects of the real estate transaction process with experience repr...
