Ground broken for 1,000-room Fairmont Austin hotel

Nov 4, 2014
Austin American Statesman

Officials broke ground Monday on a $370 million Fairmont convention hotel in downtown Austin that adding 1,066 rooms to the Central Texas market when it opens in June 2017

The Fairmont Austin hotel will rise 37 stories at East Cesar Chavez and Red River street, and proponents say the hotel will be a gamechanger for Austin, helping it attract larger, and more lucrative, conventions and trade shows

Manchester Texas Financial Group is developing the hotel, which is being designed by the Gensler architecture firm

Fairmont said its Austin hotel will be the largest Fairmont in the world, with 1.4 million square feet of space, though the Fairmont Royal York in Toronto has more rooms

“We’ve been blown away by the incredible response we’ve received from all over the country after making our announcement about this ground breaking, and we look forward to delivering a spectacular hotel that will be a fresh catalyst for the Convention Center and hospitality industry,” said Douglas W. Manchester, president of Manchester Texas Financial Group

Once open, the hotel is expected to generate 1,000 permanent jobs, more than $15 million in hotel occupancy taxes and $6 million in property tax annually

Several local and state elected officials attended the groundbreaking, including Gov. Rick Perry

Hunt Construction Group, which was awarded the $242 million construction contract for the project, will begin work immediately, said Eric Schreiner, a vice president with Hunt Construction

The Fairmont will be the second for that brand in Texas, along with one in Dallas. The Austin hotel will have 106,500 square feet of meeting space; 43,300 square feet of pre-function space; and an outdoor deck with space for 1,200 guests. The project will add more than 700 construction jobs while it is built during the next 30 months, and 1,000 permanent jobs once it opens

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