The Hotel Market Check-In: Cascade, Summit, IHG

Law360, New York (September 26, 2013, 2:57 PM EDT) -- Texas' lodging market has been on fire this week, most notably attracting the attention of Bill Gates' investment arm Cascade Investment LLC. The company scooped up a luxury Four Seasons-flagged hotel in Houston from Maritz Wolff & Co. for an undisclosed amount, according to a Wednesday statement. Beyond this mega-deal, however, Summit Hotel Properties Inc. also made a play in Houston, bagging a 182-room Hilton Garden Inn for $37.5 million, the company revealed. And on Tuesday, White Lodging Services Corp. announced that it's joint venture with REI...
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