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Lakeway Resort and Spa

Lakeway Resort and Spa

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.

Restorations are currently underway for the facility and Dolce International, the world leader in first-class resort and conference center hospitality, will handle on-site management and marketing responsibilities.

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

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