Available
Independent
ListingsAustin, TX
The Driskill Trophy Lease Option. Austin, TX.
Available
- 189 keys
- Lifestyle
- Independent
- 1886 / 2017
- Keys
- 189
- Brand
- Independent
- Chain Scale
- Lifestyle
- Year Built
- 1886
- Year Renovated
- 2017
- ADR
- $398
- RevPAR
- $311
- Occupancy
- 78%
- Asking Price
- Upon Request
- Encumbrance
- Long-term ground lease (term and rent disclosed under NDA)
- Mgmt / Franchise
- Independent
- Call for Offers
- Open ended — qualified parties only
Opportunity Overview
Position. Why this asset, now.
The Driskill is the iconic 189-key luxury hotel in downtown Austin, originally built in 1886 and substantially renovated in 2017. The offering is a leasehold acquisition opportunity — the underlying fee is held by a long-tenured family ownership group, and the lease is being marketed to a qualified successor operator.
The Driskill carries the highest leisure-mix ADR of any hotel in downtown Austin and serves as the social anchor of the Sixth Street historic district. This is a discreet process; financials and lease terms are released under NDA only.
Trophy asset. The most iconic hotel in Austin — period.
Sixth Street anchor. Social and F&B center of downtown's historic core.
$398 ADR. Highest leisure-mix rate in downtown Austin.
Leasehold structure. Discreet sale to qualified luxury operator.
Brand-flexible. Independent today; soft-brand conversion underwritten.
Gallery
See the asset. 32 photos in the full gallery.
Full gallery and OM available on request.
Location
Where the asset sits.
Address
604 Brazos StreetAustin, TX
Demand drivers
- Sixth Street historic district anchor
- Three blocks from Texas Capitol grounds
- ABIA airport 12 minutes east
Austin, TX
