Canada-based Fairmont Hotels & Resorts will be opening a new Fairmont Hotel in Austin, US, in 2015.
The company has entered into an agreement to operate the new Fairmont Austin, which will open in three years time. The new hotel, to be developed for an investment of £226.5 million, will be located close to the Austin Convention Centre, and will be featuring around 1,000 guestrooms and suites.
The 50-story hotel is being developed by Manchester Texas Financial Group LLC (MTFG), and will also be providing around 70,000 square feet of function space
Doug Manchester, the president of MTFG, said, ‘Fairmont represents one of the strongest and most luxurious brands in the hospitality industry. Our alliance with Fairmont will establish a new high water mark for convention centre hotels industry-wide. We diligently set out to find the right operator that was willing to go above and beyond with a special vision tailored for the Austin market. Fairmont is doing just that.’
The hotel will generate around 1,000 permanent jobs to the Austin market, once it is operational.
Jennifer Fox, the president of Fairmont Hotels & Resorts, said, ‘For over a century, Fairmont has been host to legendary meetings and special events across the globe and we are excited to bring our broad range of experience in the meetings arena to this project. Austin is currently seeing tremendous interest and growth in the convention market and with its reputation as a dynamic, vibrant capital city will be a great addition to our portfolio.’