Paramount Lodging Advisors Arranges the Sale of Texas Hampton Inn
DALLAS, TX. February 11, 2016 - Paramount Lodging Advisors (PLA) has completed the sale of the Hampton Inn, located in the suburban Dallas market. Broker Associate, Subu Thiagarajan of PLA's San Francisco office, exclusively represented the sellers in the transaction.
“Completing this transaction in a tertiary oil market is a tremendous win for PLA and the owners. Declining oil prices certainly presented a major challenge for the sales process. Fortunately, we identified early on the hotel was operating well below its potential with a 99.9% RevPar index, while the brand national average is 120.33%. Narrowing the investors' focus on the upside potential allowed us to keep the investor committed and stay the course until closing,” stated Thiagarajan.
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.
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