Investment Overview

The existing hotel is currently undergoing an extensive renovation and repositioning into a lifestyle-driven Delta by Marriott hotel concept, including a unique daytime pool club experience inspired by Las Vegas-style hospitality activation concepts. In addition to the hotel repositioning, ownership successfully obtained CH-PDA zoning approvals allowing approximately 1.378 million square feet of zoning floor area with a 200-foot height allowance. After accounting for the hotel footprint, approximately 1.196 million square feet of remaining development capacity exists for multifamily, student housing, retail, entertainment, hospitality, and mixed-use uses. This opportunity offers investors and developers the ability to acquire: • A newly renovated Marriott-branded hotel • Significant entitled multifamily development density • Prime Austin freeway frontage and visibility • Strong surrounding demand generators • Exceptional long-term appreciation potential • Multiple exit strategies and phased development opportunities