Condor Acquires 122-Room TownePlace Suites Hotel in Austin for $19.7M
Condor Hospitality Trust acquired the 122-room TownePlace Suites in Austin's North Tech Ridge area for roughly $19.7 million.
AUSTIN, TEXAS — Condor Hospitality Trust Inc., a Maryland-based, publicly traded hospitality REIT, has acquired a 122-room TownePlace Suites hotel located in the North Tech Ridge submarket of Austin. The purchase price of the Marriott-branded asset was approximately $19.7 million. Aimbridge Hospitality will continue to manage the pet-friendly property, which features 24-hour fitness and business centers and an outdoor pool with a fire pit.