Downtown Austin Boutique Hotel — Operating Lease Available

Description

Seeking experienced operator for this award-winning 45-room boutique hotel in downtown Austin. High-demand location near Congress Ave entertainment district. Consistent 82% occupancy with strong ADR growth. 10-year lease with two 5-year renewal options.

Highlights

• Prime Congress Ave location
• 82% stabilized occupancy
• 10-year lease + renewal options
• Award-winning design
• Strong corporate demand

Property Details

Property Name

Hill Country Boutique Inn

Hotel Type

Boutique

Total Rooms

45

Suites

5

Floors

3

Year Built

2015

Brand

INDEPENDENT

Location

450 Congress Ave, Austin, TX, US

Amenities

Financial Details

Rent Amount

$45,000.00 / monthly

Lease Type

operating

Lease Term

10 years

Renewal Options

2x 5-year options

Occupancy Rate

82%

ADR

$195.00

RevPAR

$159.90

Gross Revenue

$3,200,000.00