Loop hotel sells at big discount

Jun 17, 2026, 6:01 PM•crainalerts

Commercial Real Estate Report

Wednesday, June 17, 2026

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Loop La Quinta sold for $30.5M in latest discounted hotel sale

A local hotel owner is betting on a downtown comeback, buying the Loop’s La Quinta Inn & Suites for $30.5 million and planning renovations next year. The sale adds to a growing list of discounted hotel deals that highlight the lingering gap between improving demand and property values.

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