PREMIER, INFILL AUSTIN POSITIONING

The Property boasts an exceptional location just a few miles south of Downtown, conveniently close to the vital highway junction of I-35 and Highway 71. Its prime position allows for easy access to the entire Austin landscape, including prominent demand generators such as the University of Texas at Austin, St. David’s Medical Center, Circuit of the Americas, and major Fortune 500 companies like Google, Facebook, and Oracle. Downtown Austin received 40.2 million out-of-market visitors in 2024, leading to a total travel spend of $9.3 billion, and Downtown employment has increased by 14% since the first quarter of 2020. Additionally, the Hotel is just six miles from the Austin-Bergstrom International Airport, which recently began its $4 billion expansion program.

ST. ELMO DISTRICT – HOTTEST NEW LOCATION IN AUSTIN

Immediately across the Interstate from the Hotel is one of the hottest areas in all of Austin – the St. Elmo District – an increasingly ongoing transformation of the industrial district surrounding St. Elmo Road east of Congress Avenue into a large-scale urban redevelopment with character. Now a highly sought-after destination for commercial real estate investors/developers, over 1.1 million SF of office and retail space has been delivered in the St. Elmo District, with many more projects underway. The Yard, a combination of retail and manufacturing spaces spanning over 200,000 SF, is a major attraction in the area and is home to a diverse mix of nearly 20 businesses including wineries, breweries, distilleries, food trucks and 3D printing. Additionally, a 43-acre mixed-use development project is in the works at South Congress, just a few minutes from the Property, and will include over 1,200 multifamily units, 210,000 SF of office space, and 136,000 SF of retail space.

AUSTIN-BERGSTROM INTERNATIONAL AIRPORT (ABIA / AUS)

With over 400 daily flights to 70+ domestic and international destinations, ABIA is one of the country’s fastest growing airports. 2024 was the second-busiest year on record, with a total passenger count increase of more than 25% since 2019, reflecting an explosive growth mirroring the rest of Austin. The Hotel’s location within close proximity (six miles) to the airport provides consistent and rapidly growing leisure and business traffic.

The airport is in the final planning stages of its $4 billion “Journey with AUS” expansion program. The project will be multifaceted, including the addition of a new terminal that could yield up to 30 new gates, a new parking garage, a tunnel to connect the existing terminal to the new terminal, redesigned taxiways, and a new arrivals and departure hall.

In February 2019, ABIA debuted it’s $350-million terminal expansion that added nine new gates to the facility, greatly increasing its capacity to handle more passengers (+30%). Furthermore, the AUS 2040 Master Plan reflects the anticipated doubling of passenger growth to serve more than 31 million annual passengers. The airport is currently designed to hold 15 million people on a yearly basis but saw nearly 22 million travelers in 2024.

AUSTIN, TX - BEST CITY IN AMERICA

Austin is a shining star and top economic growth market, amongst the leaders in job and population increases in the US, both historically as well as projected over the next several years. The market continues to see unprecedented corporate and residential relocation momentum, which has only seemingly accelerated since the beginning of 2020.

Austin has risen to the top of countless lists over recent years, including #1 Investment Market, #1 Tech Town, #1 Real Estate Market and #1 Best City for Starting a Business and is the home to three fortune 100 companies: Tesla (#43), Dell Technologies (#44), and Oracle (#87). Already the #3 fastest growing city in the last decade, Austin is projected to grow another 30% by 2029. With in-place growth exceeding that of Silicon Valley by a factor of four, Austin is now number one for startup density and non-employer tech business growth.