
| Property Name: | Lakeway Resort and Spa |
| Location: | Lakeway, Texas |
| Description: | Located in the Texas Hill Country, The Lakeway Resort and Spa sits on a 16.5 acre peninsula on the shores of Lake Travis. With 20,000 square feet of meeting space, two pools, a freestanding restaurant and 239 rooms, the hotel was developed in the 1960s as one of the first resort and conference centers of its type in the Texas area. Located just 18 miles west of Austin, an hour from San Antonio and 40 minutes from the Austin Bergstrom Airport, it is one of the top destinations preferred by regional corporations and organizations. All guest rooms have been completely remodeled, all restaurant and bar areas have been refinished, and the new five-level infinity edged resort pool is complete. The 6500 square foot ballroom is open and the new 4-Star destination spa will be ready in early 2007. |
| Year Built: | 1960s; redevelopment 2005-2006 |
| Asset Size: | 239 guest rooms |
| Asset Submarket: | Austin |
| Acquisition Date: | February 2005 |
| Investment of Behringer Harvard Fund(s): |
Strategic Opportunity Fund I LP |


