{"id":1004131931,"date":"2015-11-25T09:15:35","date_gmt":"2015-11-25T17:15:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004131931"},"modified":"2020-05-10T23:46:04","modified_gmt":"2020-05-11T07:46:04","slug":"radisson-wont-belong-to-forestar-anymore","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/radisson-wont-belong-to-forestar-anymore\/","title":{"rendered":"Radisson Won\u2019t Belong to Forestar Anymore"},"content":{"rendered":"<p><em>By Anca Gagiuc, Associate Editor<\/em><\/p>\n<div id=\"attachment_1004131932\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Radisson-Hotel-Suites-Austin.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004131932\" data-attachment-id=\"1004131932\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/radisson-wont-belong-to-forestar-anymore\/vfmlid69178425\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Radisson-Hotel-Suites-Austin.jpg\" data-orig-size=\"800,561\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;16&quot;,&quot;credit&quot;:&quot;Ira Montgomery&quot;,&quot;camera&quot;:&quot;NIKON D7100&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1440288000&quot;,&quot;copyright&quot;:&quot;\\&quot;\\u00a9 2015 Ira Montgomery All Rights Reserved\\&quot;&quot;,&quot;focal_length&quot;:&quot;70&quot;,&quot;iso&quot;:&quot;100&quot;,&quot;shutter_speed&quot;:&quot;0.022222222222222&quot;,&quot;title&quot;:&quot;\\&quot;VFMLID=69178425\\&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Radisson Hotel &#038; Suites, Austin\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Forestar Group sold the Radisson Hotel &#038; Suites in Austin in February 2016, as part of its strategy to exit non-core assets.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Radisson-Hotel-Suites-Austin.jpg?w=800\" class=\"wp-image-1004131932 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Radisson-Hotel-Suites-Austin.jpg\" alt=\"Radisson Hotel &amp; Suites, Austin\" width=\"300\" height=\"210\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Radisson-Hotel-Suites-Austin.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Radisson-Hotel-Suites-Austin.jpg?resize=300,210 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Radisson-Hotel-Suites-Austin.jpg?resize=768,539 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004131932\" class=\"wp-caption-text\"><em>Radisson Hotel &amp; Suites, Austin<\/em><\/p><\/div>\n<p><a href=\"https:\/\/www.forestargroup.com\/\" rel=\"nofollow\" target=\"_blank\">Forestar Group<\/a> of Austin is parting ways with a few of its non-core assets, including the <a href=\"https:\/\/www.radisson.com\/austin-hotel-tx-78701\/txaustdt\" rel=\"nofollow\" target=\"_blank\">Radisson Hotel &amp; Suites<\/a> in downtown Austin and the company\u2019s non-core oil and gas assets in the Bakken\/Three Forks formations in North Dakota.<\/p>\n<p>The real estate, oil, and gas company announced that its board of directors is retaining <a href=\"https:\/\/www.eastdilsecured.com\/home.htm\" rel=\"nofollow\" target=\"_blank\">Eastdil Secured<\/a> to sell the Radisson hotel, while <a href=\"https:\/\/www.tphco.com\/\" rel=\"nofollow\" target=\"_blank\">Tudor, Pickering, Holt &amp; Co.<\/a> has been hired to market the assets in the Bakken and Three Forks formations in North Dakota.<\/p>\n<p>\u201cForestar is focused on creating value through strategic and disciplined investments in our core residential housing business. It is our intention to exit non-core, non-residential housing assets,\u201d Forestar CEO Phil Weber said in prepared remarks.<\/p>\n<p>The company\u2019s statement noted: \u201cAt this time, there can be no assurance regarding the likelihood or timing of a specific transaction or transactions.\u201d<\/p>\n<p>The Radisson is located at 111 E. Cesar Chavez St. overlooking Lady Bird Lake. Since 2013 it has undergone renovations worth more than $20 million including the guest rooms, pool, meeting rooms, ballroom, and restaurant.<\/p>\n<p><em>Image courtesy of Radisson Hotel &amp; Suites Austin Downtown<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forestar Group is reorganizing its portfolio.<\/p>\n","protected":false},"author":237,"featured_media":1004131932,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,21808,21751,21783,21742],"tags":[],"class_list":["post-1004131931","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-featured","category-hotel","category-investment","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Radisson Won\u2019t Belong to Forestar Anymore - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/radisson-wont-belong-to-forestar-anymore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Radisson Won\u2019t Belong to Forestar Anymore\" \/>\n<meta property=\"og:description\" content=\"Forestar Group is reorganizing its portfolio.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/radisson-wont-belong-to-forestar-anymore\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-25T17:15:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-11T07:46:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Radisson-Hotel-Suites-Austin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"561\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/radisson-wont-belong-to-forestar-anymore\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/radisson-wont-belong-to-forestar-anymore\\\/\"},\"author\":{\"name\":\"Anca Gagiuc\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/340a1a5e8e7dd137bd91ca1dd3a2e9d7\"},\"headline\":\"Radisson Won\u2019t Belong to Forestar Anymore\",\"datePublished\":\"2015-11-25T17:15:35+00:00\",\"dateModified\":\"2020-05-11T07:46:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/radisson-wont-belong-to-forestar-anymore\\\/\"},\"wordCount\":210,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/radisson-wont-belong-to-forestar-anymore\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/11\\\/Radisson-Hotel-Suites-Austin.jpg\",\"articleSection\":[\"Austin\",\"Featured\",\"Hotel\",\"Investment\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/radisson-wont-belong-to-forestar-anymore\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/radisson-wont-belong-to-forestar-anymore\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/radisson-wont-belong-to-forestar-anymore\\\/\",\"name\":\"Radisson Won\u2019t Belong to Forestar Anymore - 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