La Quinta Inn

The La Quinta Inn & Suites by Wyndham Richmond-Midlothian hotel on Huguenot Road near Chesterfield Towne Center was sold in September to Kishna LLC.

An Emporia-based company paid $9.15 million last month to acquire the La Quinta Inn & Suites by Wyndham Richmond-Midlothian hotel in Chesterfield County.

Kishna LLC bought the 112-room hotel that is near Chesterfield Towne Center, according to commercial real estate brokerage Marcus & Millichap, which represented the seller and found a buyer.

The five-story hotel at 1301 Huguenot Road was developed in 1989 initially as a Day's Inn.

The previous owner, Danville-based 1301 Huguenot Associates L.P., has owned the property since it was built. It renovated the hotel this year.

County property tax records show the hotel sold for $9.02 million on Sept. 23. A personal property allocation of $130,000 brought the total price of the transaction to $9.15 million, Marcus & Millichap said.

The property was assessed for $5.009 million, according to county real estate records.

Prashant Merchant, in Marcus & Millichap’s Richmond office, along with Darpan Patel, in the company's Cincinnati office, had secured seven offers for the property when brokerage firm list the sale.

Sign up to receive daily business news emails from The Times-Dispatch

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.
Load comments

You must be a full digital subscriber to read this article You must be a digital subscriber to view this article.