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&Pizza owner Steve Salis was reportedly interested in purchasing the property as of this spring.
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The hotel was once eyed for luxury condos before being embroiled in the Jho Low embezzlement scandal.
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This week in Houston real estate news.
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Strategic partnerships could bring the London-based firm's value to at least $3B.
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Those fundamentals, coupled with a historically slow development pipeline, have spurred increased investment into hotel properties.
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Ashford Hospitality Trust has begun selling assets in a bid to pay down debt incurred at the height of the pandemic.
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Affinity Partners has struck a deal with the Serbian government to redevelop a site bombed by NATO in 1999. Experts say the deal raises some ethics questions.
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The decision may have ramifications for other pending price-fixing lawsuits, including those against RealPage.
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A hotel developer plans to spend $33M to turn the former XTO building into a Residence Inn.
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