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FORT WORTH-Crescent Real Estate Equities Co. and Walton TCC Hotel Investors V LLC have resurrected a hotel and resort buy-out after declaring it dead late Friday afternoon. In bringing it back to life, negotiators have shaved $5 million from the original $625-million offer and made the $11 million of earnest money nonrefundable in the process.

Beyond that, the SEC filing shows little else if anything has changed between buyer and Chicago-based seller. Crescent now stands to gross nearly $580 million. The Fort Worth-based Crescent was not immediately available to discuss the canceled and then reinstated buy-out offer.

The properties remain the same, including the one office building, Austin Centre at 701 Brazos St. Walton’s also buying the 228-key Fairmont Sonoma Mission Inn & Spa at 100 Boyes Blvd. and Sonoma Golf Club at 17700 Arnold Dr., both in Sonoma, CA; 60-room Ventana Inn & Spa at Highway 1 in Big Sur, CA; 190-key Park Hyatt Beaver Creek Resort & Spa at 50 W. Thomas Place in Avon, CO; 375-key Omni Austin hotel at 700 San Jacinto Blvd. in the Texas capital’s CBD, 613-room Denver Marriott hotel at 1701 California St. in the Downtown; and 388-room Renaissance Houston hotel at 6 E. Greenway Plaza.

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