Municue

TEOF Hotel LP

organization
1 mention across 1 event
1 eventLast active Tracked since $5.7M city spending

Topics

housing (1)
development (1)

Roles

applicant (1)
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Activity Timeline

June 2026

Items For Individual Consideration
applicant

The City is asked to accept or reject an offer from TEOF Hotel LP to pay $5,707,000 (plus accrued interest and legal fees) upon the sale of the Lorenzo Hotel at 1011 South Akard Street in exchange for a release of the City's lien on the property, with no net cost to the City.

Authorize the acceptance or rejection of an offer received from TEOF Hotel LP (“Borrower”), a Texas limited partnership to (1) pay the City $5,707,000 (plus any pertinent accrued interest) and the Cit

$5.7M