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Hotel The Radisson in Austin is being converted to a luxury lifestyle boutique hotel.

AUSTIN, TX—Made up of a young population with one of the hottest economies and tech hubs in the country, Austin is hitting on all cylinders with respect to investor interest and overall demand. Lender ACORE Capital LP has been part of that white-hot activity, including the $135-million first mortgage and mezzanine loans on the Radisson, a 413-room hotel located at East Cesar Chavez and Congress Avenue in downtown, purchased by Austin Lakeside Hotel Owner LLC earlier this year.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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