Jake Lamstein Of Trestle Studio Acquires Lakeway Resort & Spa In Lakeway Texas For Undisclosed Amount

The asset involved in this transaction is the Lakeway Resort & Spa, a hotel property with 168 keys located at 101 Lakeway Drive in Lakeway, TX. The property sits on an 11-acre peninsula along Lake Travis in Travis County, Texas, originally opened in 1963. Renovation plans include a full modernization of guestrooms, spa, food and beverage, and event space, aimed at repositioning the resort as a boutique destination in the Texas Hill Country.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: Not specified
• Address: 101 Lakeway Drive
• Market: Lakeway, TX
• Keys: 168
• Acres: 11
• Buyer: Jake Lamstein - Trestle Studio; Sopris Capital

The deal is represented by Jake Lamstein from Trestle Studio, who, in partnership with Sopris Capital, is spearheading the acquisition efforts to modernize the resort. The location's proximity to Austin and surrounding recreational activities will be leveraged to enhance its appeal as a destination.