Charleston, SC (PRWEB) March 12, 2013
The property was originally built as a Fairfield Inn in 1998 and converted to a Quality Inn & Suites in 2011. PLA’s Joce Messinger and Josh Williams represented the seller, LA3D LLC, who acquired the asset in 2003. “Spartanburg’s 2012 RevPar was 9pts ahead of the national average which generated significant interest in the asset.” stated Messinger. “We sincerely appreciate the efforts of Paramount Lodging Advisors in keeping this transaction on target and reaching the finish line despite many unforeseen obstacles,” said Duane Parrish, President of LA3D.
About Paramount Lodging Advisors
Paramount Lodging Advisors is a hotel advisory and brokerage firm specializing in the acquisition, asset management, debt and equity placement, and disposition of hospitality assets across the United States, Canada, & Europe. For more information about Paramount Lodging Advisors, and to see hotels currently on the market visit http://www.paramountlodging.com