INVESTMENT PROJECT INTRO

Austin Suites Hotel is a 217-room hotel that is a prime candidate for an apartment conversion in one the strongest apartment markets in the nation. Built in 1981 on 3 acres of land, Austin Suites is located directly off the Interstate 35 frontage road, with excellent visibility and an extremely high traffic count. The property primarily consists of studios, one and two-bedroom floorplans, all with kitchens. Construction is expected to start in Q2 2020.

DETAILS ABOUT PROJECT

• Investment Type: Private Equity
• Total Project Size: $19,000,000
• Address: 8300 N Interstate Hwy 35, Austin, TX 78753