Tilman Fertitta, an American billionaire businessman, completed the acquisition of River Oaks District, a 13.87-acre luxury retail and mixed-use mecca. Financial terms were not disclosed. "Adding River Oaks District to our Post Oak Hotel family of offerings seamlessly complements the curated experience we have created for the luxury-seeking consumer. This is the perfect moment in time to add this premier mixed-use development to our luxury portfolio, creating incredible cross-promotional opportunities and elevating the standard for luxury dining and shopping for Houstonians and international travelers alike," Tilman Fertitta.