AUSTIN - As of first quarter 2013, the W Austin Hotel & Residences has sold 133 of the 159 condos for $146.4 million. Eight of the remaining 26 units were under contract.
Revenue per available room (RevPAR) at the W Austin Hotel was $278 during 1Q 2013, compared with $238 during 1Q 2012. The 251-room hotel, which Stratus Properties believes sets the standard for contemporary luxury in downtown Austin, is managed by Starwood Hotels & Resorts Worldwide, Inc.
The $300 million project was a joint venture of Stratus and Canyon-Johnson Urban Fund II LP.
Source: Securities and Exchange Commission
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