The developer of the 50-story, $350 million Fairmont hotel planned for downtown Austin said Friday that the project will break ground in November at Red River Street and East Cesar Chavez.
Developer Doug Manchester, president of Manchester Texas Financial Group, released new details Friday about the project. He also released a new market study highlighting how much convention business Austin is losing annually because it doesn’t have enough hotel rooms downtown, an issue local convention officials and other experts have talked about for years.
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