AUSTIN - New hotels and upgrades to existing ones are keeping Austin’s hospitality market in high gear.
Homes2 Suites, a Hilton Hotel brand, is the latest to open a 135-room hotel near the Domain at 2800 Esperanza Crossing. Added demand in the extended-stay sector prompted the development of Homes2 Suites.
Highland Group reported that the extended stay lodging market is posting occupancy levels at the highest level in 13 years.
The Hyatt Regency in downtown Austin has announced it has started a $12 million renovation to its 448 rooms. The hotel, located at 208 Barton Springs Rd., recently completed a $20 million meeting and event space renovation and expansion.
The owners of the Hyatt Regency are preparing for the added competition in the downtown market in the wake of the opening of the JW Marriott earlier this year and the pending openings of the Westin Austin Downtown and Hotel Van Zandt.
Austin Market Research (see the Hotel category), Austin Hotel NewsTalk
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