Ohana Real Estate Investors Acquires Hyatt Resort In Cedar Creek For $275M

575 Hyatt Lost Pines Rd, Cedar Creek, TX, USA

$275,000,000

$881/SF

Building Size

312,000 SF

Asset Type

Other

Closing

Jun 22, 2021

AI

The Hyatt Lost Pines Resort, located at 575 Hyatt Lost Pines Rd in Cedar Creek, has been sold for a whopping $275,000,000. The property is a sprawling resort spread across 650 acres, offering a total of 312,000 square feet of space. With 491 rooms, the resort provides ample accommodations for guests.

Summary of transaction details

Property Type: Resort
Transaction Amount: $275,000,000
Address: 575 Hyatt Lost Pines Rd, Cedar Creek
Market: Cedar Creek
Square Footage: 312,000
Price per Square Foot: $881
Total Acres: 650
Price per Acre: $423,076
Number of Rooms: 491

The seller of the Hyatt Lost Pines Resort is Hyatt Hotels Corp. On the other hand, the buyer is Ohana Real Estate Investors, represented by G. Christopher Smith and Franco Famularo in the transaction.

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