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Hyatt Place DT

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Its official: Developer plans upscale Hyatt Place hotel downtown

White Lodging Services Corp., the developer of the as yet unbuilt 1,000-room Marriott hotel on Congress Avenue, is planning to build a second downtown hotel: an upscale, 276-room Hyatt Place that the company hopes to build once the economy and hotel industry improve. "We believe there is a continued niche for premium-branded, upscale hotels in downtown Austin, and the Hyatt name carries a very strong reputation," said Deno Yiankes, president and CEO of investment and development for White Lodging. However, "we'd need to see a rebound before we'd feel comfortable moving forward," he said.

The 15-story hotel would be built at the southwest corner of Third Street and San Jacinto Boulevard, currently the site of a parking lot.

White Lodging recently obtained a zoning change to build a larger hotel than existing regulations would have allowed.

All 276 rooms would be oversized suites, 25 percent larger than a traditional hotel room, he said.

"Any start date is going to be predicated on what unfolds in the overall economy and the debt financing markets over the next six to 12 months," Yiankes said.

http://www.statesman.com/business/content/business/stories/other/2009/12/11/1211hotel.html?COXnetJSessionIDbuild172_prod=QxgRLhTT6c2YTCZbxSS10QSqq9nvBVF2C0fyzHBDvWvv2tJ9f8Yt!-327697308&UrAuth=aNcNUObNUUbTTUWUXU%60UZT[u\UWU^UWUZUcU[ucTYWVVZV&urcm=y

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Developer planning 2011 start for downtown Austin hotel

By Shonda Novak

AMERICAN-STATESMAN STAFF

Published: 8:58 p.m. Wednesday, Nov. 17, 2010

hyattplace.jpg

White Lodging Services Corp. hopes to start construction by midsummer on a 17-story Hyatt Place hotel at Third Street and San Jacinto Boulevard in downtown Austin.

If the site plan is approved, White Lodging next would submit construction drawings to the city for the 296-room hotel. The approval of the drawings would allow White Lodging to obtain a building permit, which it hopes to have by late spring or early summer in preparation for the summer construction start, Yiankes said.

The all-suites hotel is expected to open 16 months later, in late 2012, he said.

White Lodging, based in Merrillville, Ind., also remains interested in building a large convention-size hotel downtown, Yiankes said

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Downtown Austin Hyatt Breaking Ground in 3Q

Austin Business Journal

Date: Monday, May 2, 2011, 1:06pm CDT

Developers will break ground this year on a 14-story, 296-room Hyatt Place in downtown Austin.Merrillville, Ind.-based White Lodging Corp. submitted a preliminary application on Dec. 21, 2010 for the hotel near the convention center. The company has partnered with a Hyatt Hotels Corp. affiliate on the project that will break ground next quarter. The companies will each own half of the property.

Construction is expected to take about two years.

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It seems all projects posted on HAIF for Austin are residential or hotel. I don't know much about their development history, except for one shiny office tower that Facbook is in that was built in the 2000s. The fact that they don't have many office buildings going up (to my knowledge) compared to resi/hospitality, what does that say about their market?

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It seems all projects posted on HAIF for Austin are residential or hotel. I don't know much about their development history, except for one shiny office tower that Facbook is in that was built in the 2000s. The fact that they don't have many office buildings going up (to my knowledge) compared to resi/hospitality, what does that say about their market?

Means people want to live/be in Austin. Houston needs more of that

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