EL PASO, Texas (KTSM) - Patel Capital Groups has acquired the Gateway Hotel to rebrand it as La Quinta Inn & Suites by Wyndham, Downtown El Paso officials announced on Thursday, Dec. 26, via its Facebook page. "We are pleased to announce the acquisition of a 110-Unit Hotel in the prime location of Downtown El Paso, just steps from the Judson F. Williams Convention Center and Key Government Offices. This property offers significant growth potential in a rapidly developing market," read a Facebook post from Patel Capital Gorups. Patel Capital Groups said the hotel will undergo a complete renovation and rebranding as La Quinta Inn. Planned amenities include a bar, meeting space, bistro, valet service, a gym, catering to business, military and leisure travelers. As we previously reported, the El Paso County Attorney's Office and the owners of the Gateway Hotel reached a settlement agreement back in October to shut down the Downtown El Paso establishment, which has been accused of being a public nuisance and a hotbed of criminal activity and drug use. Gateway Hotel to stay shut under settlement agreement Alleged criminal activity included drug offenses, aggravated assaults, and weapons offenses. Most notably, gang activity was reportedly from the Venezuelan-based crime organization Tren de Aragua (TDA).