Announced
Financials
Sources
Tags
hotel management
Private
Hotels and Motels
Acquisition
Friendly
Single Bidder
Domestic
Pending
Majority
United States
Synopsis
Noble Investment Group, a minority-owned real estate investment manager, agreed to acquire Hyatt Place Austin, a 138-room hotel is located in Round Rock, Texas. Financial terms were not disclosed. "A highly diversified mix of leisure demand and pro-business climate has made Austin one of the fastest-growing cities in the US and the No. 1 US City for Net Migration in 2020. Austin is considered one of the nation's dominant tech hubs alongside Silicon Valley, with numerous high-profile corporate relocations and expansions from companies like Tesla, Oracle, Apple, Amazon, Google, and Facebook," Noble.
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