Courtyard El Paso

June 20, 2017 Comments Off on Summit Hotel Sells 90-Room Courtyard El Paso Views: 490 Texas - Other, Texas News

Summit Hotel Sells 90-Room Courtyard El Paso

Summit Hotel Properties Inc., headquartered in Austin, closed on the sale of the 90-key Courtyard El Paso Airport at 6610 International Dr. The REIT walked away from the deal with $11.2 million, having completed its plan to sell a total of 26 hotels.

The undisclosed buyer, also headquartered in Texas, is planning a $2-million upgrade to the property, in order to bring it up to the newer brand standards. The three-story asset delivered in 2002.

Hunter Hotel Advisors represented Summit Hotel Properties in the transaction. Trey Scott, with Hunter’s Jacksonville, FL office, also advised in the transaction.

Read More at Hotel Online

Connect with Hunter Hotel Advisors’ Scott


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