

In 2016, for the fifth time in six years, Forbes Magazine ranked Austin as America’s fastest growing city. Forbes also put Austin top of its list of U.S. cities with “the best chance to prosper in the coming decade.” Over 48% of Austin’s population is within the prime renter’s age segment of 18-34 years of age (more than twice the national average of 21%). With strong demand from an increasing residential and professional population, rental rates in Austin have been on the rise continuously for the past five years.


The construction project was delivered on time and within budget in September of 2016. The project was leasing up at rental prices above plan when an unsolicited offer to acquire the property was presented. Wyndham Hotels and Resorts, Inc. were looking for an upscale and extended-stay hospitality property in downtown Austin in addition to their older Wyndham Garden Inn property, and thus acquired and re-purposed this project.

