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.