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K&K Hotel Group Acquires La Quinta Inn & Suites In Austin For Undisclosed Amount

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SOLD
Rahul Bijlani

Texas

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Hotel
Sold 09/07/2023
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SOLD

K&K Hotel Group Acquires La Quinta Inn & Suites In Austin For Undisclosed Amount

4424 S Mo Pac Expy, Austin, TX 78735, United States

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Hotel
Sold 09/07/2023
Rahul Bijlani
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Summary

TEXAS
Asset Type:Hotel
Transaction Type:Sale

The 128-room La Quinta Inn & Suites by Wyndham Austin Southwest hotel in Austin has been sold in a transaction brokered by CBRE. The hotel, located at 4424 South Mopac Expwy, was purchased by Nupen Patel of K&K Hotel Group. The seller, Highgate, was represented by Rahul Bijlani and Michael Yu, also of CBRE.

Summary of transaction details

  • Property Type: Hotel
  • Transaction Amount: N/A
  • Address: 4424 South Mopac Expwy, Austin
  • Market: Austin
  • Key Count: 128

This transaction involved the sale of the La Quinta Inn & Suites by Wyndham Austin Southwest hotel. Nupen Patel, representing K&K Hotel Group, acquired the property from Highgate. The transaction was facilitated by Rahul Bijlani and Michael Yu of CBRE. It's worth noting that K&K Hotel Group handled the transaction independently, while CBRE represented Highgate, the seller.

Players

Rahul Bijlani
1 deal(713) 577-1648
BROKER


BUYER

7 deals$423.4M volume
SELLER

Details

SOLD
IMAGE: IMAGE: Rahul Bijlani, Michael Yu, Arash Azarbarzin & Nupen Patel DATE: 09/07/2023 ADDRESS: 4424 South Mopac Expwy - La Quinta Inn & Suites by Wyndham Austin Southwest MARKET: Austin ASSET TYPE: Hotel ~ KEYS: 128 BUYER: Nupen Patel - K&K Hotel Group SELLER: Arash Azarbarzin (@ArashAzarbarzin) - Highgate (@HighgateHotels) BROKER: Rahul Bijlani and Michael Yu - CBRE (@CBRE) NOTE: CBRE brokered the sale of the 128-room La Quinta Inn & Suites by Wyndham Austin Southwest hotel. Highgate, the seller, was represented by Michael Yu and Rahul Bijlani of CBRE, while the buyer, K&K Hotel Group, handled the transaction independently.

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