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Loans near maturity for Fairmont, reportedly on market for more than $600M

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Loans near maturity for Fairmont, reportedly on market for more than $600M

The owners of the Fairmont Austin have less than two months before a major loan package for the property matures, giving them a finite window to make big decisions about the future of the city’s largest hotel. The 1,048-room hotel is reportedly on the market, which could result in an eye-popping price. Click through to read more about the hotel’s financials and the state of the local hospitality market.