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# Hyatt Announces Acquisition of Austin?s Historic Driskill Hotel
- URL: https://hospitality.pro/hyatt-announces-acquisition-of-austins-historic-driskill-hotel/
- Published: 2013-03-08T18:31:00.000Z
- Updated: 2013-03-08T18:31:00.000Z
- Author: H L
- Tags: Hyatt, hyatt hotels corporation, #wordpress, #Import 2026-04-16 12:15

Acquisition deepens Hyatt?s presence in one of the fastest growing  
markets in the U.S.

 CHICAGO–(BUSINESS WIRE)–Mar. 8, 2013–  
Fresh from announcing the opening of the 296-room Hyatt Place Austin  
Downtown, Hyatt Hotels Corporation (NYSE:H) today announced that a Hyatt  
affiliate has acquired the 189-room Driskill Hotel for approximately $85  
million from an investment fund managed by Lowe Enterprises Investors,  
which was represented in the transaction by Jones Lang LaSalle?s Hotels  
& Hospitality Group.

 The transaction closed earlier today and the hotel will continue to be  
marketed as The Driskill Hotel u…