Houston Billionaire Buys SoCal’s Montage Resort

Houston Billionaire Buys SoCal’s Montage Resort

Houston billionaire Tilman Fertitta has bought the 260-room ocean-view Montage Laguna Beach hotel in coastal Orange County for roughly $650 million. The price is believed to be one of the highest prices ever paid for a California hotel. In 2018, he built the Post Oak...
Summit Buys 90% Interest in Texas Glamping Operator

Summit Buys 90% Interest in Texas Glamping Operator

Summit Hotel Properties REIT acquired a glamping asset, an 11 unit property in Fredericksburg, Texas, in the middle of the Texas Hill Country wine region. Summit’s 90/10 acquisition of Onera, a high-end glamping company, signals the company’s interest in...
Hines Building Business Park Near Austin Samsung Plant

Hines Building Business Park Near Austin Samsung Plant

Hines has formed a joint venture with The Galesi Group (Galesi) to develop a Class-A industrial and logistics park. The venture is located two miles from the Samsung Austin Semiconductor plant, less than one mile from SH 130, and less than 10 miles from downtown...