The Axton Group Acquires the Renaissance Austin Hotel in Texas for $70 Million

The Axton Group | November 25, 2020

SAN FRANCISCO, November 25, 2020 – An affiliate of The Axton Group (“Axton”) today announced the firm has closed on the acquisition of the Renaissance Austin Hotel for $70 million. The 492-room, full-service hotel in north Austin is one of the city’s largest hotels, with spacious guest rooms including 88 suites, many upscale amenities, and spectacular views of the Texas Hill Country and the downtown Austin skyline. The hotel features 77,600 square feet of indoor and outdoor meeting and event facilities. Like all hotels across the country, Renaissance Austin Hotel’s occupancy is currently low as a result of COVID-19. The city of Au...