HOUSTON, TX, January 8, 2025: HVS Brokerage & Advisory announces the sale of the 56-key Super 8 by Wyndham Jasper, TX, located at 2100 North Wheeler Street, Jasper, Texas 75951.
The property, built in 1995, was purchased by Ishan Devi Investment LLC, based in Channelview, Texas, from Jairam Enterprises LLC, based in Jasper, Texas.
Bakul Patel, Managing Member of Jairam Enterprises LLC commented, “Our experience with HVS Brokerage was exceptional. They conducted thorough research, provided detailed and thoughtful responses, and consistently ensured we had accurate data to guide our decision-making. They were extremely professional at each stage of the process. I would gladly work with them again and recommend HVS Brokerage & Advisory to anyone who has a property to sell.”
The property benefits from its location along U.S. Highway 96 in Jasper, Texas, roughly 40 miles west of the Texas-Louisiana border. Sam Rayburn Reservoir, Martin Dies Jr. State Park, and nearby national forests contribute to year-round leisure demand; moreover, known as the "Butterfly Capital of Texas," Jasper holds an annual Butterfly Festival in October to celebrate the migration of the monarch butterflies. Additionally, the establishment of the Jasper Airport Industrial Park has added another dimension to the thriving economy. A project of the Jasper Economic Development Corporation, this state-of-the-art airport park serves as a major force in attracting new businesses to the Jasper area.
“We are excited to announce the successful sale of the Super 8 Jasper. Leveraging our firm's national reach and industry expertise, we attracted significant attention for this deal, receiving a total of eleven competitive offers. The winning buyer stood out by placing non-refundable money down on the first day. As market activity continues to gain momentum in 2025, our team is eager to assist clients with their hotel acquisitions and dispositions across the country,” said Matt Almy, Senior Associate of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Andrew Frosch, Matt Almy, Fadi Rawashdeh, & Kyle Peterek participated in this transaction.
Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620
The property, built in 1995, was purchased by Ishan Devi Investment LLC, based in Channelview, Texas, from Jairam Enterprises LLC, based in Jasper, Texas.
Bakul Patel, Managing Member of Jairam Enterprises LLC commented, “Our experience with HVS Brokerage was exceptional. They conducted thorough research, provided detailed and thoughtful responses, and consistently ensured we had accurate data to guide our decision-making. They were extremely professional at each stage of the process. I would gladly work with them again and recommend HVS Brokerage & Advisory to anyone who has a property to sell.”
The property benefits from its location along U.S. Highway 96 in Jasper, Texas, roughly 40 miles west of the Texas-Louisiana border. Sam Rayburn Reservoir, Martin Dies Jr. State Park, and nearby national forests contribute to year-round leisure demand; moreover, known as the "Butterfly Capital of Texas," Jasper holds an annual Butterfly Festival in October to celebrate the migration of the monarch butterflies. Additionally, the establishment of the Jasper Airport Industrial Park has added another dimension to the thriving economy. A project of the Jasper Economic Development Corporation, this state-of-the-art airport park serves as a major force in attracting new businesses to the Jasper area.
“We are excited to announce the successful sale of the Super 8 Jasper. Leveraging our firm's national reach and industry expertise, we attracted significant attention for this deal, receiving a total of eleven competitive offers. The winning buyer stood out by placing non-refundable money down on the first day. As market activity continues to gain momentum in 2025, our team is eager to assist clients with their hotel acquisitions and dispositions across the country,” said Matt Almy, Senior Associate of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Andrew Frosch, Matt Almy, Fadi Rawashdeh, & Kyle Peterek participated in this transaction.
About HVS Brokerage & Advisory
The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, focused exclusively on the hospitality industry. With a global footprint and over 35 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want.Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620