Home2 Suites by Hilton Austin Cedar Park opened in 2013 in a premier northwest Austin location amid a strong local economy.
AUSTIN, TEXAS – Civitas Capital Group, a leading independent specialty asset management and financial services firm, has closed on the acquisition of Home2 Suites by Hilton Austin Cedar Park.
Home2 Suites by Hilton Austin Cedar Park opened in 2013 in a premier northwest Austin location amid a strong local economy. The extended-stay hotel is in the northwest Cedar Park submarket of Austin, Texas, at the confluence of highways linking it to Austin's central business district and the growing suburb Round Rock. Cedar Park itself offers convenient access to numerous employers such as Oracle, Apple, Visa, and Texas Instruments.
Because of these and other attributes, the hotel is uniquely positioned in a secondary submarket with gateway market attributes and demand drivers. This includes adjacency to University of Texas at Austin, which continues to drive explosive regional growth. According to U.S. Census data released this year, Austin was the 12th-fastest growing U.S. city in 2016-17. Additionally, Cedar Park's population alone grew 4.2 percent.
The four-story hotel features 84 suites on more than two acres. Home2 Suites by Austin Cedar Park offers all-suite accommodations with fully equipped kitchens and modular furniture, providing guests the flexibility to customize their suite to their style and preference. The hotel features complimentary Internet, inviting communal spaces, and trademark Home2 Suites amenities such as Spin2 Cycle, a combined laundry and fitness area, Home2 MKT for grab-and-go items, and the Inspired Table, a complimentary daily breakfast that includes more than 400 potential combinations. Guests can enjoy an indoor saline pool, fire pit, and grill area. Home2 Suites by Hilton Austin Cedar Park is pet-friendly.
"Home2 Suites by Hilton and Austin are a perfect marriage of brand and city," says Caroline Perel, managing director for Civitas. "The hotel's modern style, eco-friendly offerings, and value conscious pricing makes us a great addition to Austin."
Aimbridge Hospitality, the nation's largest independent hotel investment and management firm, will manage the property on behalf of Civitas.
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