PORT ARTHUR - La Quinta Inn & Suites Port Arthur, a 63-room hospitality property located at 7540 Memorial Blvd., has been sold.
This transaction was a part of a seven-hotel asset oil/gas portfolio that the buyer was acquiring.
The seller was a large developer in Southeast Texas. The buyer was in state and was attracted to the asset because of the strong oil/gas market and brand affiliation.
Source: Marcus & Millichap Real Estate Investment Services
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