A Georgia-based actual property developer purchased the previous Wyndham Backyard lodge on Bluebonnet Boulevard for $5.5 million on Tuesday.
Georgia-based Prime Hospitality Administration and Funding Group, which manages plenty of different lodges throughout the Southeast, purchased the property via CSBR Funding LLC.
The lodge was owned by Mike Wampold when it closed in late 2019. The native developer then bought the lodge to Shardulsinh Sayania via Sayania’s firm, Mani Hospitality LLC, for $100 in early 2021.
Sayania had filed permits to rebrand the Wyndham Backyard to a Studio 6 Prolonged Keep Lodge in June.
Neither Sayania nor a consultant for PHMI might be reached for remark.