David Alexander with Newcor Commercial Real Estate, represented the buyer, Shree Sai Rang Krupa, LLC, with purchase negotiations.
The buyer plans to develop a new motel, Americas Best Value Inn, ranked as the 10th largest hotel chain in the world.
“Americas Best Value Inn is one of the fastest-growing hotel chains, with over 1,000 locations within the U.S. alone. This tract proved to be a great fit being centrally located to the growth of the Houston market,” said David Alexander.
The seller, Cross Road Venture was represented by Jake Baker with Riverway Retail.
For More Information, Contact David Alexander: 281.210.0095