The Texas-based firm, MML Hospitality, has completed its acquisition of Nine Orchard, the high-end hotel in the former Jarmulowsky Bank Building. The $92 million deal closed on August 20 and the signed documents appeared in city records today. DLJ Real Estate Capital Partners purchased the property and a neighboring building back in 2012 for $41 million. In the interview, McGuire acknowledged that the food and beverage operation has been, “a little bit rudderless” since Ignacio Mattos departed the hotel in early 2024. Also, many of MML’s senior managers lived in New York before going to Austin to work for his firm.