Radisson Hotel Austin – University
Purchased through a short sale
Hotel sits on a large 7.91-acre parcel. We have already sold the additional parking lot to a Residential Developer to reduce 2/3 of our acquisition cost.
After conversion to the Delta by Marriott, this hotel will be the best convention and pool party full-service hotel next to the University of Texas at Austin to catch the growth of Austin, with less than $100K per key cost after renovation and conversion to Delta.