How an unaffiliated broker sealed a big South Austin hotel deal that includes upscale La Quinta concept

Jay Weir, unaffiliated with any big brand brokerage, has steadily handled significant hotel transactions in Austin for many years and he has another under his belt: the sale of a 3-acre parcel on the I-35 northbound frontage road in South Austin.

Austin South Hotels LLC, a Dallas company, purchased the land on the north side of Teri Road for $3.25 million from Dr. Frank M. Covert III — a member of the notable Covert family of Austin, which has been involved in numerous business enterprises since 1909 including car sales.

Click to read more at Austin Business Journal.