McALLEN - Encore Hospitality LLC, a subsidiary of Encore Enterprises Inc., has purchased a Residence Inn hotel in McAllen.
"We plan on investing over $2.3 million in the renovation of the hotel and our goal is to complete the renovation by January 2016," Glenn Pedersen, president of Encore Hospitality LLC.
The McAllen Residence Inn features 78 rooms, an outdoor pool and 350 sf of meeting space.
Encore will budget approximately $30,000 per room to upgrade the property in the next 12 months.
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