Posted Mar 28, 2016, 6:07 PM
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Moderator
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Join Date: Jan 2009
Location: 360, St. Edwards
Posts: 12,381
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Austin Lifestyle Hotel Development
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GMR created the Austin Lifestyle Hotel Project to develop a hotel in Austin, Texas. Austin is a very attractive hospitality market with multiple guest drivers: university, tourism, government, and business. GMR has identified a downtown location for a +250 room, +$100 million budget, upper-upscale lifestyle hotel.
GMR is an investor, the developer, and owner of the project.
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http://www.gmr-llc.com/austin-lifest...-austin-hotel/
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Austin Lifestyle Hotel Project signed a 99-year lease to build its boutique lifestyle hotel in Austin Texas.
“The location is ideal. It is in the middle of the State Capital, University of Texas, 6th street entertainment area, and I-20,” said Craig Bull, Managing Director GMR, LLC.
Brett Norwich, Chief Executive Officer GMR, LLC added,”the site will accommodate a +250 room hotel with multiple food and beverage venues. We could not be happier.”
GMR is the developer and a principal in the project.
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