Moody acquiring Homewood Suites Austin for $14MMoody acquiring Homewood Suites Austin for $14Mhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=8382015-06-04T12:35:00Z2015-06-04T09:30:00Z

AUSTIN - Moody National REIT I is under contract to purchase the Homewood Suites Austin for $14.25 million excluding acquisition costs.

The Homewood Suites Austin is a 96-room select-service hotel located approximately six miles from Austin-Bergstrom International Airport and is just minutes from downtown Austin.

"The Austin economy is experiencing vigorous growth, and we think that the diversified economic demand base - including high-tech, medical, state government and education - favor continued robust growth in the long-term," said Brett Moody, CEO and Chairman of the REIT.

Austin-Round Rock
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