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

[KevinFromTexas]

Name: The Fairmont Austin
Developer: Manchester Texas Financial Group
Architect: Gensler
Use: Convention Hotel
Size: 1000 rooms
Floors: 48 floors
Height: 700 feet spire | 581 roof
Location: Northeast corner of Cesar Chavez Street & Red River Street
Projected start: Spring 2012
Completion: 2015


http://www.statesman.com/business/sa...inglePage=true

San Diego developer plans 50-story hotel east of Austin Convention Center

By Shonda Novak
AMERICAN-STATESMAN STAFF
Updated: 11:26 p.m. Friday, June 24, 2011
Published: 10:36 p.m. Friday, June 24, 2011


GENSLER
This rendering shows the downtown hotel planned by Manchester Financial Group. It would include 115,000 square feet of meeting and exhibit space, plus two restaurants and retail space.

A San Diego hotel developer plans to build a $350 million hotel with more than 50 stories and 1,035 rooms east of the Austin Convention Center. The hotel would be built on land now used for parking at the northeast corner of Red River and Cesar Chavez streets, near Waller Creek.

Manchester Texas Financial Group could find itself in competition with White Lodging Services Corp., which plans a 1,003-room Marriott Marquis hotel on Congress Avenue between Second and Third streets.

Douglas Manchester, founder and chairman of Manchester Financial Group, said Friday that the project has been going "at a pretty fast speed" and that he anticipates starting construction in the next 12 months. The project would take at least 18 to 24 months to build, he said. He said Manchester Financial can put the required equity into the project and attract the loans to complete it.