AUSTIN, TX—The Renaissance Austin Hotel, a 492-room full-service hotel in north Austin, is one of the city's largest hotels, with 88 suites as well as views of the Texas Hill Country and downtown skyline. The hotel features 77,600 square feet of indoor/outdoor meeting and event facilities.
An affiliate of The Axton Group recently closed on the acquisition of the Renaissance Austin Hotel for $70 million. The hotel will continue to be managed by Marriott under the Renaissance Brand.
The purchase price of the hotel represents more than a 50% discount to replacement cost. Like all hotels across the country, Renaissance Austin Hotel's low occupancy is a result of COVID-19.
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