617 Colorado Street

Turnbridge acquired this 10,000 SF site in a strategic partnership with a global hospitality operator and investor. The site will be home to a 344-key micro hotel, prominently located at the corner of 7th Street and Colorado in the Austin CBD. At closing of the acquisition, Turnbridge negotiated a structured exit post-completion with an institutional buyer.

Address
617 Colorado Street
Austin , TX
Submarket
Downtown
Asset Class
Hotel
Strategy
Strategic Partnership
Size
344 keys
Date Acquired
February 2020
Date Sold
Currently owned by Turnbridge