Longview LaQuinta sells for $2.4M

LONGVIEW – The LaQuinta Inn and Suites at 3416 S. Martin Luther King Jr. Boulevard has been purchased for $2.4 million.

The Neda Group, a Dallas-Fort Worth company, purchased the property from Moga Hotels, which is based in Merced, California, said Jimmy Wellman, general manager of the hotel.

Wellman said the hotel would continue operating under the LaQuinta flag, with a half-million dollar investment planned in the hotel in the next six months. The project will see every room remodeled along with the lobby and breakfast room.

The hotel is a top 50 LaQuinta corporate property.