Peachtree Group has begun construction on a 480-room dual-branded Embassy Suites by Hilton and Tempo by Hilton in downtown Austin, Texas.
The 30-story development—at the corner of Fifth and Lavaca streets—is expected to open in early 2029. Atlanta-based Peachtree and Merritt Development Group are co-developing the project. DPR Construction is serving as general contractor, while DLR Group will be the architect and interior designer.
The hotel will include approximately two stories of restaurant space, a rooftop bar and lounge, an Embassy Suites restaurant and bar, a Tempo café, meeting and event space and a fitness center. The two hotels will share amenities and operating infrastructure.
“Austin continues to distinguish itself as one of the country’s most dynamic growth markets, and we believe this is an exceptional location for a development of this scale,” Greg Friedman, CEO and managing principal of Peachtree Group, said in a statement. “Bringing Embassy Suites and Tempo together allows us to serve a broad range of business, group and leisure travelers while creating a differentiated hospitality experience in the heart of downtown.”
“Austin’s continued evolution as a corporate, entertainment and tourism destination makes this an exciting time to bring a project of this caliber to downtown,” added David Merritt, president and owner, Austin, Texas-based Merritt Development Group.
The development is near the Texas State Capitol, the University of Texas at Austin, Sixth Street and the Red River Cultural District. It is also surrounded by approximately 14 million square-feet of Class A office space.