Address: 2716 North McArthur DriveAlexandria
City:
State: LA
ZIP: 71303
Rooms #: 106
Additional Features:
The Mumford Company represented Triad Hospitality, LLC in the recent sale of the Econo Lodge Inn & Suites of Alexandria, LA to Neptune Lodging Partners, LLC. The acquisition went from contract to closing in less than 30 days.
The purchasers are local operators with other hotels in the market. They plan to complete cosmetic renovations and retain the Econo Lodge franchise.
Located at the area’s prime lodging interchange and just a short drive from the Louisiana International Airport, the property is centrally located in Louisiana between Lafayette and Shreveport. Facilities include extensive meeting and banquet space as well as 106 rooms and suites. Demand is generated from the nearby Alexandria Riverfront Convention Center, Rapides Coliseum, and the Louisiana State University of Alexandria.
Bryan Blanchard. and Randy Lee with Mumford Company’s Dallas, Texas office managed the transaction.
Mumford Company is a hotel real estate brokerage firm with a commitment to results-oriented customer service that has accomplished over 800 completed transactions in its nearly 34-year history. With its’ experienced sales team in four regional offices across the country, Mumford Company is a leader in the sale of mid-market and economy hotels. For more information contact Mumford Company at (757) 873-0962.
