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Austin's Historic Driskill Hotel Sold To New Owner
The historic Driskill Hotel in Downtown Austin has been sold to the Hyatt hotel chain.
Hyatt announced on Friday they had acquired the 189-room hotel for approximately $85 million.
Hyatt says it will continue to be marketed as The Driskill Hotel and will undergo a two-year, approximately $8 million renovation.
"We are thrilled to add such a well-loved local icon to the Hyatt family and are delighted to be increasing our presence in Austin, which offers world-class business and educational institutions, as well as thriving entertainment and technology scenes," said Rakesh Sarna, Americas for Hyatt Group President.
The Driskill Hotel, located at the corner of Brazos Street and Sixth Street, is one of Downtown Austin's most recognizable buildings. It was built in 1886 and designated a national historic landmark in 1969.