Published on August 19th, 2016 | by Kate Harrington
Hotel Report: 1,000 More Rooms on the Way (RENDERINGS)
More White Lodging hotels are on tap for Austin.
White Lodging Services Corp., the company behind the downtown 1,012-room JW Marriott and 366-room Westin hotels – among others – plans to build another downtown hotel and a hotel near the University of Texas campus, the Austin American-Statesman reports.
The planned downtown hotel, near the Austin Convention Center at Cesar Chavez and Trinity Streets, will be a 30-story Marriott with 615 rooms. That hotel will also include 65,000 square feet of meeting and exhibit space, as well as bars and a restaurant.
White Lodging’s UT campus hotel at 1901 San Antonio Street will be a dual-branded hotel: the Autograph Collection and AC by Marriott. The hotel is planned to rise 11 stories and hold 347 rooms The two brands will share services, but will have their own lobbies and entrances.
Both hotels are scheduled for a 2017 groundbreaking with a targeted 2019 opening.
“These projects demonstrate our continued belief in Austin’s near and long term future,” Deno Yiankes, president and CEO of investments and development at White Lodging, told the Statesman. “We are thrilled in that these two projects will create thousands of construction jobs and more than 500 full time jobs upon opening.”
Austin has seen no shortage of hotel construction, but it doesn’t seem to be hurting the hotel and lodging market. Occupancy rates in the second quarter of this year were 72.9 percent for Austin, according to the Austin Business Journal. Austin hotel rooms recently surpassed San Antonio in quarterly hotel room revenue, with an average of $111 revenue per hotel room (REVPAR) generated in the second quarter of 2016. That’s higher than REVPAR in Dallas, as well.
View the full release from White Lodging by clicking here (pdf).