The Texas State University System regents have agreed to sell the property housing the SHSU Agriculture Center off Interstate 45 to K Partners Hospitality Group of San Antonio.
K Partners will pay $2.7 million for 13.28 acres and plans to build two hotels and a conference center.
Raven's Nest Golf Club will be accessible via a tunnel that runs under I-45 and connects the golf club with the agriculture center property.
The majority of the agriculture center’s operations has been moved from the I-45 location to the Gibbs Ranch off state Highway 75 North.
Frank Krystyniak, director of SHSU’s Office of Public Relations, said the regents have approved the property sale, but the deal will not be finalized until December.
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