Sold! $30 million for Hilton Garden Inn Austin NW/ArboretumSold! $30 million for Hilton Garden Inn Austin NW/Arboretumhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=20922014-12-23T08:39:00Z2014-12-23T08:15:00Z

AUSTIN - The 138-room Hilton Garden Inn Northwest/Arboretum at 11617 Research Blvd. has been sold.

Moody National REIT I purchased the hotel, which was built in 2002, for $29.3 million.

Located on 3.4 acres, hotel amenities include an indoor swimming pool, in-room hospitality centers with refrigerators and approximately 1,400 sf of flexible meeting space.

The five-story hotel is within a five-mile radius of over 21 million sf of office space, including Apple, Xerox Corporation and The Domain.

Moody intends to perform a Property Improvement Plan to bring the hotel in compliance with the latest Hilton Garden Inn brand standards.

Hilton Garden Inn is the second Hilton acquisition by Moody REIT I within the Austin market over the past year.

It also purchased the Hampton Inn South Austin Airport in fourth quarter 2013.

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Austin-Round Rock
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