W Austin Hotel & Residences: 2Q overview

AUSTIN – W Austin Hotel & Residences included delivery of condominium units beginning in January 2011. As of June 30, 2014, sales of 153 of the 159 condominium units had closed for $178.7 million.

Revenue per available room at the W Austin Hotel was $284 during second quarter 2014 and $296 for the first six months of 2014, compared with $250 during second quarter 2013 and $264 for the first six months of 2013.

The 251-room hotel, which owner Stratus Properties Inc. believes sets the standard for contemporary luxury in downtown Austin, is managed by Starwood Hotels & Resorts Worldwide Inc.

Source: Online news