Austin Radisson sold for $130 million

Austin Radisson

The Radisson Hotel & Suites in Austin, Texas, was sold to Austin Lakeside Hotel Owner.

The hotel's owner, Forestar Group, sold the hotel as part of a $130-million transaction. The property completed $20 million in renovations since 2013, which brought improvements to the hotel's guestrooms, meeting rooms, pool, ballroom and restaurant.

Records from the Travis Central Appraisal District show that the hotel's appraised value is $54 million.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


 

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