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Financing in hand, $370 million Austin Fairmont project now a go

The developer of a Fairmont convention hotel planned for downtown Austin has obtained financing for the project, clearing the way for the $370 million luxury hotel to break ground next month and add more than 1,000 rooms to the market.

Los Angeles-based Colony Capital LLC will finance the hotel, which will be built on a 1.74-acre site at East Cesar Chavez and Red River streets.  You can read the entire article here.

About Gregg Klar (398 Articles)
Austin creates an oasis of desirable communities that are touched by the beauty of it's presence. I'm one resident who considers myself fortunate to be a part of the Austin lifestyle. Combining a passion for my work with love for my community, I've earned my place among Austin's leading real estate professionals. I bring to every transaction a personal touch, innovative marketing techniques and in-depth knowledge of today's complex market to ensure your home sale or purchase is a success from start to finish. Put my team of experts to work for you today

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