Joint-Venture Acquires Hampton Inn Austin Airport
- Nov 18, 2013
A newly created joint venture between Hostmark Hospitality Group and Pendo Investments announced the acquisition of Hampton Inn Austin Airport. The managing company will be Hostmark Hospitality Group, an award winning hospitality management firm for Marriott, Hilton, Starwood, IHG, Wyndham and Choice.
“This is a phenomenal opportunity to expand our relationship with Hilton and the Hampton Inn brand in one of the premier markets in the United States,” says Jerome F. Cataldo, president and CEO of Hostmark Hospitality Group.
The hotel offers 102 rooms and is only minutes away from Austin-Bergstrom International Airport, as well as five miles from the new Circuit of the America’s Formula 1 Racetrack and Austin 360 Amphitheater. Located at 7712 E Riverside Drive, the hotel is positioned at the gateway of the city and near Austin’s cultural attractions, corporations, universities, and music scene. The services and amenities include free hot breakfast, a business center, meeting rooms, fitness center, pool, basketball and tennis court. High speed internet is available throughout the hotel.
The property will undergo complete renovations to provide a best-in-class guest product and experience.
“We have assembled a premier team with Hostmark, Hilton and Pendo Investments, to capitalize on a great hotel in a fantastic city,” says Brian Buchhagen, president of California-based Pendo Investments.
Pendo Investments is a private real estate investment company focused on under-performing properties with current cash flow. Its team has more than 50 combined years of real estate experience, having closed transactions worth over $4 billion.
Photo courtesy of Hostmark Hospitality Group.