Crescent Real Estate picks up Ritz-Carlton

DALLAS – An investment fund created by Crescent Real Estate has purchased the Ritz-Carlton.

The five-story, 218-room hotel on McKinney Ave. in Uptown opened in 2007. 

The buyer paid $700 million to a​cquire the landmark Crescent complex across the street in March. ​

Texas logoThe Texas Real Estate Research Center has more on DFW’s retail market:

Source: Dallas Morning News 

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