Property Description

The Homewood Suites by Hilton Austin downtown is centrally located in the Downtown Austin Central Business District. This 17-story hotel has 150 extended stay suites appointed with upscale amenities that cater to both business and leisure travelers. The Property, which opened in 2019, boasts a connected 144 space garage, rooftop pool, business center, 884 square feet of flexible meeting space, and a fitness center. The Homewood Suites also offers room service and complimentary breakfast.

Property Type

Commercial

Structure

Delaware Statutory Trust

Moody Rainey
Downtown Austin DST

TX

Remaining Availability

44% Remaining
Total Funds
$87,200,000
Remaining Availability
$38,000,000
Minimum Investment
$100K
Funded To Date
$49,200,000
Est. Hold Period
10 Years
Leverage
0.00%
Equity Raise
$87,200,000
Price/SF or Price/Unit
$581,333/Unit

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Location Details

 
 
 

Population

2,446,554

Population Growth

See PPM

About The Area

The historic Rainey Street District in Downtown Austin is a half-mile of cottages creatively turned into bars, restaurants, food trucks, and live music venues. Rainey Street has been on the National Register of Historic Places since 1985. However, only in the 2010s has Rainey Street become popular for nightlife. In addition to its popularity for entertainment, the Rainey Street District is experiencing robust growth in real estate, with 9 towers under construction. These 9 towers account for:

  • +1M square feet of Class A Office Space
  • 3,170 multi-family units
  • 738 hotel rooms
  • 112,500 square feet of retail space

 

Sponsor

Moody National Companies was founded as Moody National Mortgage Corporation in 1996. Since that time, Moody has evolved into a full-service commercial real estate firm, which has employed over 1,200 people in several division.