Pacific Hospitality Group acquires new Texas property | Information

Pacific Hospitality Group acquires new Texas property | News

California-based Pacific Hospitality Group (PHG) has introduced its enlargement with the acquisition of Resort Granduca Austin in Texas.

That is the third resort for the corporate within the Lone Star state – with two Marriott-branded resorts in Dallas additionally within the portfolio.

PHG will probably be taking on operations of the resort instantly with plans to rebrand the property as a part of the Meritage Assortment of impartial resorts in the summertime of 2021.

Resort Granduca Austin will mark the corporate’s sixth impartial resort in its Meritage Assortment portfolio.

“As our firm expands, it has all the time been my objective to carry Austin into our rising portfolio,” stated Garrett Busch, vice chairman, capital markets, PHG.

“This space is poised for continued success with quite a few firms shifting to Austin, many from our residence state of California.

“As house owners and operators of many resorts, we imagine we are able to help Austin’s booming economic system with this new asset and our ardour for hospitality.”

Resort Granduca Austin is positioned within the upscale Westlake neighbourhood.

The Austin panorama is residence to many increasing and new firms, together with Apple, Complete Meals, Oracle and plenty of extra. 

The 190,000-square-foot property has 194 rooms, together with 38 suites, and sits on 38 acres with sweeping views of the hillsides.

A super retreat for enterprise travellers, the property contains 6,650 sq. ft of assembly house to host group conferences, weddings and different social occasions.

The resort additionally enjoys a number of room varieties, state-of-the-art health centre, outside pool with non-public cabanas and spa remedy rooms.

“We’re extremely proud to carry Meritage Assortment’s famend hospitality and repair to the Austin market,” stated chairman Tim Busch of Pacific Hospitality Group.

“Our resorts are steeped within the native expertise and it’s our privilege to play homage to Austin’s tradition with our DNA of nice service, phenomenal meals and beverage, and distinctive buyer experiences to carry what we imagine will probably be a mainstay for each locals and guests.”

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