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Texas  + Austin  + Hospitality  | 

HWE Brokers Sale of 319-Room Hotel Van Zandt in Austin

Boutique real estate capital markets advisor Hodges Ward Elliot has arranged the sale of Hotel Van Zandt, a 319-room hotel located at 605 Davis Street in downtown Austin. The sales price was not disclosed.

The boutique hotel is part of the Kimpton network of international hospitality assets and opened in 2015. The Hotel Van Zandt offers rooms ranging in size from 330 to 1,100 square feet and includes 52 suites. Amenities include a fourth-floor pool deck with views of Lady Bird Lake.

Daniel Peek, John Bourret, Austin Brooks and David Auer of HWE advised the undisclosed seller in the transaction. The buyer was not disclosed.

“HWE conducted a very targeted campaign to market the sale of the Hotel Van Zandt. The result was a competitive bid process with a variety of buyers, including REITs, private equity groups and family offices,” said Bourret. “After careful consideration, we identified a buyer making a strategic push into the Austin hotel market and selected them for this much-admired asset.”

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Inside The Story

HWE’s Bourret

About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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