AUSTIN, Texas, Dec. 7, 2021 /PRNewswire/ — Hodges Ward Elliott (“HWE”) is pleased to announce they have arranged the sale of the AC Hotel Austin Hill Country, a new 135-key hotel located at 7415 Southwest Parkway in Southwest Austin, Texas.
An HWE team led by John Bourret, Managing Director, brokered the off-market acquisition of the hospitality asset on behalf of the seller.
The five-story hotel, located in the Texas foothills and just minutes from downtown Austin, officially opened in November 2021. The asset is comprised of 131 modern guestrooms and four suites and includes the new Salt + Stone rooftop bar, the hotel’s premier open-air lounge offering sweeping views of the area’s renowned Texas Hill Country. The AC Hotel Austin Hill Country hotel also serves as an anchor to Lantana Place, an adjacent upscale retail center that offers abundant shopping, dining, entertainment, and other retail options.
“The AC Hotel Austin Hill Country combines modern luxury with the natural beauty of Texas, and we’re pleased to have been a part of the sale of this unique and beautiful brand-new hotel,” said Bourret. “The Texas hospitality sector continues to thrive, as evidenced by the numerous regional hotel investment sales we’ve closed over the last few months.”
Additional hotel amenities available to guests at AC Hotel Austin Hill Country include a fitness center, outdoor swimming pool with reservable cabanas, and complimentary on-site parking equipped with electric car charging stations. The hotel also features nine hundred square feet of event space.read full article