Hotel Granduca Austin
Pacific Hospitality Group Acquires Hotel Granduca Austin
California-based Pacific Hospitality Group (PHG) today announced its expansion with the purchase of Hotel Granduca Austin in Austin, Texas. This is PHG's third hotel in the lone star state - with two Marriott-branded hotels in Dallas, Texas. PHG will be taking over operations of the hotel immediately with plans to rebrand the property as part of the Meritage Collection of independent hotels in the summer of 2021. Hotel Granduca Austin will mark the company's sixth independent hotel in its Meritage Collection portfolio.
Photo by Pacific Hospitality Group, Inc. (PHG)
Hotel Granduca Austin is located in the upscale Westlake neighborhood. The Austin landscape is home to many expanding and new companies, including Apple, Whole Foods, Oracle and many more. The 190,000-square-foot property has 194 rooms, including 38 suites, and sits on 38 acres with sweeping views of the hillsides. An ideal retreat for business travelers, the property includes 6,650 square feet of meeting space to host group meetings, weddings and other social events. The hotel also enjoys several room types, state-of-the-art fitness center, outdoor pool with private cabanas and spa treatment rooms.
The JLL Hotels & Hospitality team representing the seller was led by Executive Vice President John Nugent and Vice President Parker Sherrill. Financing was led by Director Jillian Mariutti, Vice President Tyler Dumon and Senior Managing Director Doug Opalka.