One of Wichita Falls more elegant restaurants will call it quits at the end of January.  Pasqual’s has occupied a spot in the southeast corner of Parker Square since 2009.  Owner Justin Liles has formally announced that the restaurant is closing.

Sources tell News Talk 1290 that the closing is due to a combination of a lagging economy, increased food costs and increased competition.  The restaurant is up for sale,and will reportedly remain open through the end of this month, though reports yesterday suggested the restaurant was already closed.  Liles has owned Pasqual’s since 2003.