Renaissance Austin Hotel
The Renaissance Austin is conveniently located northwest of downtown Austin in the Arboretum / Domain submarket, near the convergence of US 183, Capital of Texas Highway / Loop 360, and the MoPac Expressway.
This upper-upscale full-service hotel features 492 spacious guest rooms including 88 suites and 77,600 SF of indoor and outdoor meeting and event facilities on 7.74 acres of elegantly landscaped grounds. Built in 1986, the Renaissance Austin Hotel has many upscale amenities and spectacular views of the Texas Hill Country and the downtown Austin skyline. The property is managed by Marriott.
Austin’s economy is growing, with major and expanding global corporate tenants including Apple, Google, Hewlett-Packard, Cisco, Microsoft, Dell, 3M, plus the University of Texas and the Texas State Capital government. The city is also a leading tourist destination historically hosting over 27 million visitors annually.
The purchase price of the hotel represents more than a 50% discount to replacement cost and a 30%+ discount to pre-pandemic pricing.
- The Hotel is one of the largest in Austin and is well-positioned as an attractive venue for group meetings and events and Austin’s dynamic corporate base.
- Austin is one of the fastest growing markets in the country as it continues to transform as a hub for the technology, software, medical and biotech sectors.
- The meeting / event areas have 72,200 SF of indoor space and 5,400 SF of attractively designed outside space.
- The hotel is adjacent to the new Apple campus, nearby major corporate office complexes and retail shopping at The Arboretum.