New hotels opening in Austin area could potentially lower room prices – KXAN.com

KXAN.com
AUSTIN (KXAN) — New research found the number of Austin area hotels bought by investors has nearly doubled in just one year. Dennis Drake, a senior associate at CBRE, said, “We’re seeing investors from all over the country, and I had a buyer from …

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Source:: SXSW News From Google News

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