While year-to-date deal activity across all the top markets diminished amid the COVID-19 crisis, Dallas simply dropped less than other heavyweight markets such as Manhattan and Los Angeles.
Kasa transforms vacant and underutilized real estate into trustworthy and flexible accommodations, and has entered into management agreements with owners in 35 markets across 15 states.
An affiliate of The Axton Group recently closed on the acquisition of the Renaissance Austin Hotel for $70 million representing more than a 50% discount to replacement cost.
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