hospitality "buy" list

The Fort Worth-based REIT late yesterday notified the SEC thatit amended the definitive agreement seven days ago to include anunidentified office building in Austin and give the buyer extratime for due diligence. The one-week change pushed the deadline toMonday for Chicago-based Walton.

Austin Centre's 16-story office tower, with 343,664 sf of trophyspace at 701 Brazos St., is the most likely candidate fromCrescent's portfolio because it shares a full city block with thefour-star, 375-key Omni Austin at 700 San Jacinto St., whichalready is part of the portfolio sale. Crescent's new spokesman,though, can't confirm anything beyond what's in the SEC filing, butit could be just good business savvy that brought the change or thedifficulty in severing the assets to allow the deal to close ontime in the second quarter. Crescent also has its entire officeportfolio in Austin on the market.