AUSTIN, Tex--The Fairmont Austin, a 1,000-plus-room, 37-story hotel, will break ground early next month in downtown.
Developer Manchester Texas Financial Group (MTFG) secured project financing from Colony Capital LLC for the $370 million luxury hotel.
“Colony Capital is our primary funding source,” Doug Manchester, president of MTFG, told GlobeSt.com. “Along with our own equity, the combination has allowed us to break ground on this extraordinary project.”
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