With hospitality properties in the spotlight due to COVID-19’s spread, hotel managers are going the extra mile to ensure health guidelines are being followed and the Hyatt Regency Frisco is no exception.
The sale valued the property at $2.4 billion, or $960 per square foot.
After the market’s plunge in March, the mortgage REIT issued a going concern warning that it may not have enough liquidity to meet its obligations and keep its operations afloat.
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