Austin's downtown Hyatt Place lodges $87M buyAustin's downtown Hyatt Place lodges $87M buyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=44912014-04-03T13:04:00Z2014-04-03T08:00:00Z

AUSTIN - The recently built Hyatt Place Austin Downtown has been purchased for $87 million by Carey Watermark Investors Inc. The 17-story Hyatt Place is a 296-room hotel at 211 E. Third St.

The hotel, finished in 2013, will continue to be managed by the original developer and owner, White Lodging Services Corp., which has a long-term management agreement for the hotel.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/blog/real-estate/2014/04/austins-downtown-hyatt-place-sold-for-87-million.htmlRead more at {Source}

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