The 120-room Quality Suites Hotel at 9138 Bluebonnet Centre Blvd., near Interstate 10, has been acquired by Wampold Companies for $2,325,000, the company reported Tuesday.

The hotel, which was built in 1986, is located on approximately three acres.

Mike Wampold, CEO of Wampold Companies, said substantial renovations are planned for the property, including redesign and refurbishment of guestrooms and public space interiors to include new furniture, fixtures and equipment.

Replacement of the roofing, mechanical and elevator systems is also planned, he said.

Renovations are expected to begin in 30 days and be completed by first-quarter 2012.

Wampold is also the developer and owner of the new 256-room Renaissance Baton Rouge Hotel, also located on Bluebonnet Boulevard within a mile of the Quality Suites.

“Both of these properties are located in what we consider to be the epicenter of the Baton Rouge growth corridor. We are excited about the potential of both properties. The proximity of the two hotels to one another will also afford us certain economies and efficiencies in operations and marketing,” Wampold said.