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NewcrestImage to Acquire Four La Quinta Hotels in California, Texas, Arizona

La-Quinta-LAX-Los-Angeles-CA

NewcrestImage purchased La Quinta Inn & Suites by Wyndham LAX in Los Angeles as part of a four-property hotel portfolio acquisition.

DALLAS — Dallas-based NewcrestImage has agreed to purchase four La Quinta by Wyndham-branded hotels, totaling 696 rooms. A joint venture between Highgate and Cerberus sold the properties for an undisclosed price.

The hotels include La Quinta Inn & Suites by Wyndham LAX in Los Angeles; La Quinta Inn & Suites by Wyndham Anaheim in Anaheim, Calif.; La Quinta Inn by Wyndham Phoenix North in Phoenix; and La Quinta Inn & Suites DFW Airport South/Irving in Irving, Texas.

The acquisition of the LAX property marks NewcrestImage’s first gateway location in California.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Pavlov Media
‣ Walker & Dunlop

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