AUSTIN – Chatham Lodging Trust has acquired two Marriott-branded hotels near The Domain for $71.2 million, or around $265,000 per room.
The properties include the 132-room Residence Inn Austin Domain that opened in July 2016 and the 137-room TownePlace Suites by Marriott that opened in June 2021.
Island Hospitality Management will manage the hotels.
Get more Austin hotel news on the Texas Real Estate Research Center’s website.
Source: REBusiness Online