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The Garey Building in the Arts District

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Lowe Sells Two Roads to Hyatt for $480M

Firm says deal allows focus to shift from management to development; additional liquidity helpful

Brentwood-based real estate investment firm Lowe said its sale of the Two Roads Hospitality business it ran with San Francisco-based private equity firm Geolo Capital to Hyatt Hotels Corp., of Chicago, for $480 million is designed to raise liquidity to fund projects elsewhere.

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