2 downtown Austin hotels listed for sale


Two recently completed hotels in downtown Austin’s Red River Cultural District are up for sale.

The 171-room Holiday Inn Express & Suites Austin Downtown/University and the 134-room Hotel Indigo Austin Downtown/University share a building at the corner of East Ninth and Red River streets, adjacent to a number of restaurants and live music venues.

They’re being marketed by Holliday Fenoglio Fowler on behalf of the developer, Austin-based JCI Hospitality.

A selling price isn’t disclosed in marketing materials.

The two hotels opened this spring, part of a building boom that has added several new hotels to the city’s skyline in recent years. More are on the way, including the Fairmont Austin at East Cesar Chavez and Red River streets, an Aloft and Element at Congress Avenue and East Seventh Street and a Hyatt House at East Ninth and Neches streets, among others.


Reader Comments ...


Next Up in Business

Austin-area home starts up 13.1% in 1st quarter
Austin-area home starts up 13.1% in 1st quarter

Home construction continued to boom in Central Texas in the first quarter, with builders starting work on 13 percent more houses than in the same quarter last year, the latest figures show. “Austin continues to ride the wave of buyer demand into the spring selling season,” said Vaike O’Grady, Austin regional director for Metrostudy...
Once disruptors, ride-hail firms now ‘major player’ at Austin airport
Once disruptors, ride-hail firms now ‘major player’ at Austin airport

Roughly four years after ride-hailing firms began shaking up the ground transportation business at Austin-Bergstrom International Airport, the at-times contentious relationship between the airport and ride-hailing entities has reached a more settled point — one representative of the importance ride-hailing companies now have for ABIA. The four...
Texas business coalition challenges Austin’s sick-leave plan

The city’s new ordinance mandating that most private businesses in Austin provide paid sick leave to employees — heralded by supporters as the most progressive labor policy in Texas when it won approval two months ago — is facing a legal challenge to prevent it from ever taking effect. Proponents of Austin’s sick-leave rules...
More South Congress changes: Developer remaking complex
More South Congress changes: Developer remaking complex

More changes are taking place on Austin’s trendy South Congress Avenue, with the latest redevelopment underway at the site that houses the CityView at Soco apartments. The developer, Turnbridge Equities, is demolishing a four-story building at the front of the complex, which is at 1007 S. Congress Ave. The old building — which included...
NRA lobbyist claims Yeti is ‘engaging in damage control’
NRA lobbyist claims Yeti is ‘engaging in damage control’

A key National Rifle Association lobbyist isn’t satisfied with Yeti’s response to claims the Austin-based company has cut ties with the organization. The NRA sent members an email Friday alleging Yeti had “suddenly, without prior notice” indicated it no longer wished to do business with the NRA Foundation. “That certainly...
More Stories