W Austin Hotel & Residences condos sell, RevPAR 1QW Austin Hotel & Residences condos sell, RevPAR 1Qhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=70832013-06-14T07:22:00Z2013-06-14T00:00:00Z

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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