Mcm Elegante Hotel and Suites Acquires Towneplace Suites by Marriott in Farmington, Nm
Dinesh "Dan" Rama and Anthony Becerra of NewGen Advisory is pleased to announce the successful closing of the TownePlace Suites by Marriott located in Farmington, New Mexico. Being within close range of some of Farmington's unforgettable outdoor and cultural adventures such as Aztec Ruins National Monument, this 117-room suite property has maintained a powerful reputation with guests across major booking sites.
"We're excited about the property and happy to be part of the Marriott family," says CEO/President Ed Lasater of MCM Elegante Hotel and Suites. "We feel this asset fits well with our other holdings, namely the MCM Elegante properties throughout TX, NM, and CO."
"The cooperation of all parties involved, and the buyer's diligence with regards to the Marriott approval process made this a seamless closing," says Anthony Becerra. "The Seller's professionalism and transparency with his staff made for a smooth transition to the new ownership."
NewGen Advisory assisted both Buyer and Seller in expediting the franchise process with Marriott insuring a smooth closing.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
