KNOXVILLE, TN— The 123-rrom La Quinta Inn on Merchants Center Blvd. here has been sold by La Quinta Inns (dba La Quinta Development Partners) to Ashok Patel. Asking price for the high-rise, interior-corridor property was $3.2 million. The deal for the 17-year-old hotel was brokered by The Mumford Co. According to pre-sale notice, the La Quinta name will not be passed along to the new ownership.
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