Hinesh Patel Acquires La Quinta Inn & Suites Rosenberg From Customer's Bank With Rorik Seth As Seller's Rep

The property asset involved in the transaction is a hotel located at 28332 Southwest Freeway in Rosenberg, with an asset type classified as a hotel, featuring 56 keys and a total square footage of 33,475.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not specified
• Address: 28332 Southwest Freeway
• Market: Rosenberg
• Keys: 56
• Square Footage: 33,475
• Buyer: Hinesh Patel
• Seller: Customer's Bank
• Seller's Representative: Rorik Seth - Seth Equities

The sale of the La Quinta Inn & Suites Rosenberg was facilitated by Rorik Seth, who represented Customer's Bank in the transaction. Seth Equities sourced a buyer who made a pre-auction offer along with a significant non-refundable deposit and swift closing terms. The buyer, Hinesh Patel, is local and intends to reposition the property as part of the ascend collection by Choice Hotels.