Fulbright Helps BC Lynd Snag Historic Texas Hotel

Law360, New York (May 22, 2012, 4:06 PM EDT) -- The Texas-based joint venture hospitality group BC Lynd Hospitality LLC announced Tuesday if has purchased its first property, snapping up the historic St. Anthony Hotel in downtown San Antonio for an undisclosed amount in a competitive bidding process.

BC Lynd — formed last year in a partnership between BC Commercial Partners LLC and Lynd Co. — will invest $24 million to restore the 352-room, 250,000-square-foot hotel, which is listed on the United States' National Register of Historic Places.

The firm bought the hotel, which was in...
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