Ryman Hospitality Acquires Hotel In Austin For $260M

The hotel located at 320 W. 2nd St in Austin was recently sold for a total of $260,000,000. The sale was completed on 06/03/2022, with Ryman Hospitality Properties, Inc. purchasing the property from Strauss Properties, Inc. The transaction involved a total of 251 keys, with a price per key of $1,035,857.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $260,000,000
• Date: 06/03/2022
• Address: 320 W. 2nd St, Austin
• Market: Austin
• Buyer: Ryman Hospitality Properties, Inc. - Colin V. Reed
• Seller: Strauss Properties, Inc
• Keys: 251
• Price per Key: $1,035,857

Ryman Hospitality Properties, Inc., represented by Colin V. Reed, acquired the hotel from Strauss Properties, Inc. This transaction marks a significant deal in the Austin market.