Chicago, IL (PRWEB) November 21, 2013
Paramount Lodging Advisors has just completed the sale of the 118-room Drury Inn & Suites Northeast Memphis, TN on behalf of DSW Inns, LLC. Senior Associates Adam Montufar and Brent Clemens led a collaborative effort exclusively representing the seller. The hotel was purchased by a regional investor who has since re-branded it to a Quality Inn & Suites.
“The amount of interest in this opportunity was very impressive. Our team registered over 160 buyers from across the country, many of whom were attracted to the deal by Drury’s exceptional overall reputation as a company and developer," stated Montufar. “The rebranding requirement did create some challenges, but having been through this process before on previous sales with this and other clients, we knew exactly how to address those needs.”
Paramount Lodging Advisors (PLA) is a hotel brokerage and advisory firm specializing in the sales of hospitality assets, debt and equity placement, as well as value enhancement services across the United States. For more information about PLA, please visit http://www.paramountlodging.com/