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Texas  + Dallas-Fort Worth  + Hospitality  | 

Mohr Partners Negotiates Sale of 85-Room Hotel in Red Oak, TX

Mohr Partners, Inc., a global corporate real estate services firm based in Newport Beach, CA, has closed on the sale of the La Quinta Inn & Suites, an 85-room hotel built in 2020, located in Red Oak, Texas. Located at 508 N I-35e, Red Oak, TX, the hotel is near downtown Dallas. The transaction amount was not disclosed.

Mohr Partners’ Capital Markets division, led by Eric Beichler, managing \principal/shareholder and Grant Palmer, managing director, sourced the opportunity to an out-of-state private buyer, who was not named.

“We are pleased that we were able to successfully sell the asset for the ownership group in a very timely manner while achieving a meaningful sale of seven times gross revenue,” Beichler said.

Palmer and Beichler exclusively represented the buyer in the transaction, which achieved a meaningful value equal to seven times the hotel’s gross revenue. Additional terms of the sale were not disclosed.

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About Erik Hamilton

Erik Hamilton, who has more than 15 years in CRE journalism, is a former staff writer with the Los Angeles Times and the Orange County Business Journal. In addition to The Times and the OCBJ, he was also a reporter and editor for Crittenden Research, The San Bernardino Sun and UPI. Erik also worked six years in CRE public relations with Los Angeles-based Hoyt Organization, where he was a Senior Account Executive. He later joined Lee & Associates where he served as the Director of Corporate Communications. There ,in addition to his work with Lee’s CEO, he managed 57 offices nationwide and provided PR, social media and media training for the offices. A graduate of UC Irvine, with a BA in history, he is an avid record collector where he continues to search for a rare Joy Division single.

  • ◦Sale/Acquisition