Downtown Austin hotel goes for $130 millionDowntown Austin hotel goes for $130 millionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120572016-02-09T06:00:00Z2016-02-09T17:00:00Z

​​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.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2016/02/downtown-austin-radisson-sells-for-130-million.htmlRead more at {Source}

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