It’s a deal! $130M for Downtown Austin’s Radisson Hotel

​​​AUSTIN - ​Forestar Group Inc. has agreed to sell the Radisson Hotel & Suites in downtown Austin in a $130 million deal. 

The Radisson is at 111 E. Cesar Chavez St. and overlooks Lady Bird Lake and the Ann W. Richards Congress Ave. Bridge.

The hotel has undergone more than $20 million in renovations since 2013, including the rooms, pool, meeting rooms, ballroom and restaurant.

The buyer is Austin Lakeside Hotel Owner LLC, according to a Forestar Group news release.

The sale is an all-cash deal and is expected to close in the second quarter.

Austin Lakeside has made a $5 million earnest money payment.