Houston’s Hotel Alden Gets New Owner
From Houston Chronicle:
Northwood Investors Buys 97-Room Boutique Property
Hotel Alden, a boutique hotel developed in one of downtown's historic buildings, has been sold to a private real estate equity firm. After a search of U.S. properties, we felt that Houston offered substantial upsides,” said David McCaslin, an adviser for the buyer, New York-based Northwood Investors. “Houston seems to have weathered the economic downturn better than most cities.” Click here for the full story.
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