Pixiu Real Estate and Woodbine Development Acquire The Driskill Hotel
May 25, 2022
Pixiu Real Estate, Woodbine Development Corporation and a collective of Austin-based investors (including Bryan Sheffield) acquired The Driskill Hotel in downtown Austin from Hyatt Hotels & Resorts. The new ownership group plans substantial capital investment to preserve and revitalize the 189-room historic luxury hotel and help stabilize the surrounding Sixth Street entertainment district, while Hyatt will continue day-to-day management.
- Buyers
- Pixiu Real Estate, Woodbine Development Corporation, Collective of Austin-based investors (including Bryan Sheffield)
- Targets
- The Driskill Hotel
- Sellers
- Hyatt Hotels & Resorts
- Industry
- Real Estate
- Location
- Texas, United States
- Transaction Type
- Divestiture
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