Austin Radisson sold for $130 million

Austin Radisson

The Radisson Hotel & Suites in Austin, Texas, was sold to Austin Lakeside Hotel Owner.

The hotel's owner, Forestar Group, sold the hotel as part of a $130-million transaction. The property completed $20 million in renovations since 2013, which brought improvements to the hotel's guestrooms, meeting rooms, pool, ballroom and restaurant.

Records from the Travis Central Appraisal District show that the hotel's appraised value is $54 million.

 

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