The development will include a five-story 95-room hotel with event space and a restaurant.
AUSTIN, TX—More than 3,800 rooms are under construction in Austin, accounting for 10% of current inventory, according to a second half 2018 hospitality report by Marcus & Millichap. One of those properties is underway in the SoCo district.
When completed in the fall of 2019, Magdalena Hotel and Condominiums will be the largest hotel to date for noted Texas hotelier, Liz Lambert and her Austin-based Bunkhouse hospitality group, which operates the nearby Austin Motel, Hotel San José and Hotel Saint Cecilia in the SoCo district. Owners of the project are Hotel Magdalena Joint Venture LLC and Woodbine Development Corporation.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
