Iconic hotel in Galveston, Texas, will change hands

The historic Hotel Galvez and Spa in Galveston, Texas, where presidents and Hollywood celebrities laid their heads over the years, is being purchased by Dallas hotelier Mark Wyant. The 224-key beachfront hotel is being sold by the heirs of the late prominent oilman and fracking pioneer George P. Mitchell, who acquired it in 1995 and restored its 1911 ambiance.