AUSTIN | Fairmont Hotel | 595 FEET SPIRE/456 FT ROOF | 37 FLRS | Complete

[KevinFromTexas]

1,035 rooms
115,000 square feet of banquet and meeting space

http://www.statesman.com/business/se...n-1558983.html

Second developer said to be working on downtown convention hotel plan

By Shonda Novak
AMERICAN-STATESMAN STAFF
Updated: 10:16 p.m. Thursday, June 23, 2011
Published: 9:39 p.m. Thursday, June 23, 2011

Austin developers Perry Lorenz and Robert Knight say they have a prospective developer who wants to build a second convention hotel on land they own at the northeast corner of Red River and Cesar Chavez streets east of the Austin Convention Center.

The hotel would have more than 1,000 rooms and require no city subsidies, Lorenz said Thursday.

Lorenz said he had met recently with most Austin City Council members about the new project — a potential rival to a proposed 1,003-room high-rise Marriott Marquis hotel on Congress Avenue.

City Council Member Bill Spelman said the emergence of a second potential project led the council on Thursday to postpone until next week a vote on $4.3 million in fee waivers for White Lodging Services Inc., which would develop the Marriott.