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The building was transformed from an office space.
Plus, there's a preferred equity investment worth $43 million.
It features 893,000 square feet of space.
The 234-room hotel comes with 25 suites.
The property spans more than 515,000 gross square feet.
Some support is coming from existing investor Mirasol Capital
The property is 60 stories.
Decron isn't done exploring the market.
Retail Opportunity Investments stock has lost more than 10% of its value, making it an attractive acquisition target
The move expands its presence in the Sunbelt.