Mcm Elegante Hotel and Suites Acquires Towneplace Suites by Marriott in Farmington, Nm

USA, Phoenix, Arizona. July 05, 2022

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.

Business Contact:

Subscribe to our newsletter
for more Hotel Newswire articles

Related News

Choose a Social Network!

The social network you are looking for is not available.

Close
Coming up in September 2022...

Hotel Group Meetings: The Great Outdoors


There is some welcome good news in the Hotel Group Meetings sector. There seems to be a resurgence in activity - across all sectors and all sizes - from small board meetings to large in-person groups. However, hotels must remain flexible and proactive, as they seek to provide venues and programs that are productive, comfortable, and safe to all parties. One major development is the expansion of outdoor meeting activities. This trend not only serves to meet regulatory health standards, but it also promotes an environment of well-being. According to a recent study from WorldHealth.net, spending just 29 minutes outdoors can result in a 45% increase in productivity; and 63% of employees reportedly felt invigorated after being in fresh air. Combined with guided physical activities and healthy food and beverage offerings, a sense of wellness and productivity are established. The September Hotel Business Review will report on what some hotels are doing to accommodate the revitalization of group meeting business in their operations.