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Chatham Lodging picks up two Austin hotels

​​​​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 an​d the 137-room TownePlace Suites by Marriott that opened in June 2021.

Island Hospitality Management will manage the hotels.

Texas logoGet more Austin hotel news​​ on the Texas Real Estate Research Center’s website.

​Source: REBusiness Online​​

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