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Texas  + Austin  + Hospitality  | 
Driskill Hyatt Sold Austin

Hyatt Unloads Driskill, But Will Still Manage It

It’s still the oldest operating hotel in Austin. Built in 1886, The famous Driskill Hotel was sold to Woodbine Development. Hyatt will still run it.

It’s the third Texas property sold by the popular hotel chain. Besides The Driskill, Hyatt has unloaded the Lost Pines in Cedar Creek and the Grand Hyatt San Antonio River Walk in the last year alone.

The sale price was disclosed in the company’s quarterly report at $125 million.

The iconic hotel was slated for demolition but was saved once it was declared a national historic landmark in 1969. Sitting on just more than an acre, the 206,685 square-foot building was built by Col. Jesse Driskill, a cattleman who spent his fortune on the project.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition