AUSTIN – The 413-room Radisson Hotel & Suites at 111 E. Cesar Chavez St. in downtown is being sold.
Forestar Group, the current owner, said yesterday it has signed Austin Lakeside Hotel Owner LLC of Delaware for a purchase price of $130 million (roughly $314,770/room). The buyer has deposited $5 million in earnest money.
The sale is expected to close in the second quarter, according to documents filed with the U.S. Securities and Exchange Commission.
Eastdil Secured marketed the property.
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