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KNA Partners bought a 3-acre site at 1625 W. Loop S. in Houston’s Galleria area with plans to raze an existing hotel and build more retail. KNA's plans call for demolishing a former La Quinta hotel and adding to the area's shopping options.

John Beeson, one of the owners of KNA Partners, told Bisnow he’s fond of the area and already owns seven properties on Loop 610 between Highway 59 and Hempstead Road. La Quinta Inn & Suites by Wyndham Houston Galleria Area on the site closed on Dec. 19, according to Newcor, which represented the seller.