The Carlyle Group and The Dow Hotel Company Acquire Lakeway Resort and Spa
The Dow Hotel Company (DHC), a Seattle-headquartered hotel owner/investor, today announced that a joint venture between DHC and The Carlyle Group's (NASDAQ: CG) Carlyle Realty Partners VI have acquired the Lakeway Resort and Spa near Austin, Texas. In addition, the new owners said they plan to invest more than $5 million to complete a renovation started by the prior ownership group. Operations of the resort will not be affected by the sale.
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