PREI Joins Lodging Capital In Texas Four Seasons Venture

Law360, New York (January 11, 2012, 7:21 PM EST) -- Prudential Real Estate Investors has entered into a joint venture with Lodging Capital Partners LLC for a stake in the Austin, Texas-based Four Seasons hotel, the companies announced Wednesday.

PREI, acting on behalf of the institutional investors in its core real estate fund, acquired Syndicated Equities Corp.'s share of the hotel in partnership with Lodging Capital, a Chicago-based hospitality investment firm. Financial terms of the deal were not immediately available, but Lodging Capital first acquired the property for $106 million in 2006 from Missouri-based hotel investor...
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