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Be Austin's guest, hotel boom in downtownBe Austin's guest, hotel boom in downtownhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=1802015-08-11T11:54:00Z2015-08-11T00:00:00Z

AUSTIN - Downtown Austin’s hotel-building boom is showing no signs of slowing down.

The number of hotel rooms in the city’s central business district has grown to 8,000 with recent additions, such as the 366-room Westin Austin Downtown, which opened last month.

With at least ten more projects in various stages of development, including a 1,066-room Fairmont that’s set to become the city’s largest hotel, that number is expected to grow to at least 11,000 in the next few years.

A few blocks from the Fairmont, the Hotel Van Zandt will be the next downtown hotel to open. A boutique hotel affiliated with the Kimpton brand, it will add 319 rooms to the available inventory when it debuts later this year.

Other properties under construction have opening dates that stretch into 2016, 2017 and 2018 — but that might not be the end of the building boom.

Indiana-based White Lodging, the city’s largest hotel operator, recently snagged a half block site on East Cesar Chavez St. adjacent to the Austin Convention Center.

Hotels are popping up outside downtown, as well. One of the biggest is the 194-room, Italian-inspired Hotel Granduca, at 320 S. Capital of Texas Hwy. (Loop 360) in the Westlake area. Hotel Granduca is set to open in either October or November.

With all the new competition, many of the city’s existing hotels have been pouring millions of dollars into renovations.

Colorado-based Sage Hospitality spent $7 million to upgrade a Courtyard and Fairfield Inn and Suites near the University of Texas campus and will soon kick off a $12 million renovation of a DoubleTree hotel it recently acquired near I-35 and U.S. 290 in North Austin.

The Hyatt Regency Austin is getting a $12 million remodel, too, that will remake all 448-guest rooms. That follows a recently completed $20 million project that added a parking garage and ballroom.

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Austin American-Statesman
Austin-Round Rock
Hotel
http://www.mystatesman.com/news/business/no-slowdown-to-downtown-austins-hotel-boom/nnDfK/#f468daaa.3380261.735820Read more at {Source}

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