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One of Houston's best known watering holes has changed hands.
Kay's Lounge -- a local hangout that's been serving up cold beers and salty peanuts to an eclectic mix of Houstonians for more than 50 years -- has been sold to the owners of the Firehouse Saloon.
"It's a Houston tradition," says Josephine Claiborn of Madeline O'Brien Coldwell Banker, who represented Kay's owner Eldon Creech in the sale of the property after he decided to retire earlier this year.
Claiborn says the new investors …