Mohr Capital Acquires DoubleTree By Hilton Austin In Central Austin

The Dallas-based real estate investment firm, Mohr Capital, has recently acquired the 350-room DoubleTree by Hilton Austin located at 6505 N. Interstate 35 in Austin, Texas. The undisclosed transaction marks Mohr Capital’s first venture into the hospitality sector. The six-story hotel boasts nearly 25,000 square feet of meeting space, including a ballroom, which will undergo renovations. Additionally, Mohr Capital plans to upgrade the guest rooms, elevators, and common areas, investing a total of $11 million into enhancing the property. Strategically positioned in Central Austin near the intersection of Interstate 35 and U.S. Highway 290, the DoubleTree by Hilton Austin offers a prime location for tourists and business travelers. Mohr Capital has appointed HEI Hotels & Resorts to manage the hotel on its behalf.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: Undisclosed
• Address: 6505 N Interstate Hwy 35, Austin, Texas
• Market: Austin
• Keys: 250

The acquisition of the DoubleTree by Hilton Austin was facilitated by Mohr Capital, represented by Rodrigo Godoi. The deal was brokered by John Bourret and Austin Brooks of Hodges Ward Elliott. Mohr Capital intends to revitalize the property, including the ballroom, through an $11 million investment. Positioned near major highways, the hotel offers convenient access to tourists and business travelers in the heart of Austin. HEI Hotels & Resorts has been appointed to manage the hotel on behalf of Mohr Capital.