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Bryan sells the LaSalle Hotel for $2.6M

KYLE 28
POSTED: Friday, July 12, 2013 - 3:58pm
UPDATED: Friday, July 12, 2013 - 9:37pm

It's more than just a historic hotel; the LaSalle is credited with being the catalyst for downtown Bryan's revitalization.

"The hotel is really the first impression and that positive impression has led to a lot of great things and we knew that was the doorway to something new in downtown," said Bryan's Deputy City Manager, Joey Dunn.

Bryan purchased the abandoned building back in 2001 for $1 .2 million.

Over the years they've renovated the historic hotel back to its original state of glory and now the city says it's time to move on.

"That was never the intention for the city and the citizens to forever own a hotel because as you know, that's not usual," Dunn said. "We're better off providing basic services to the city of Bryan."

This week the city sold the LaSalle for $2.6 million to local real estate developer, Paul Clarke, and Dunn says the city couldn't be more excited that the hotel is now in the hands of a local owner.

"It's in the heart of our downtown so it's more than just a real estate deal, it was making sure it got into the hands of somebody that we know will take care of it and can enhance it," said Dunn.

We reached out to Mr. Clarke to find out the plans for the hotel's future but our calls were never returned.

One thing is for certain though, the LaSalle Hotel will continue to be a local landmark for our city and now the property is taxable.

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