DALLAS—LIG Assets, a company focused on residential and commercial real estate, announced it has closed its first real estate transaction with OM SHRI JJB, LLC to construct a new hotel. The current tract of land is on Gentry Pkwy in Tyler, Texas.
LIG Assets had entered into an agreement to acquire properties in Texas for use as hotels. The properties may be existing structures that would be refurbished, or built to suit the client and leased back. Plans for the size and structure of the first site have begun.
CEO of LIG Assets, Jeff Love said, “We are very excited to finalize this deal and inform our shareholders. We continue to add properties and revenues to our portfolio of business.” He added, “With the recent uptrend in the real estate markets, we feel we are poised for growth in the coming years.”