Graduate Motels to launch in Austin 2025

US: Real estate investment manager Adventurous Journeys (AJ) Capital Companions has acquired a plot of land in Austin which is able to embody a new-build property a part of Graduate Motels.

Graduate Austin, positioned at Guadalupe Avenue and West 18th Avenue, is anticipated to open in 2025. The 18-storey resort will function a floor flooring cafe and foyer bar, health centre, assembly and occasion house, and a rooftop restaurant, bar, and swimming pool.

The Burt Group will co-develop the challenge alongside the AJ Capital staff. 

Tim Ryan, chief funding officer at Graduate Motels, stated: “Austin has lengthy been a dream location for Graduate. The town’s distinct persona, inventive power and adventurous spirit align completely. We’re large followers of this neighborhood, and we stay up for delivering an area that displays and celebrates these sentiments by way of design that’s rooted in storytelling, gracious hospitality, best-in-class meals and beverage choices and extra.”

When full, Graduate Austin will be a part of 31 Graduate motels throughout the US and the UK. 4 further properties are in improvement. 

Graduate Motels is owned by AJ Capital Companions. The agency, based by Ben Weprin in 2008, has over $5 billion in present actual property investments together with motels, multi-family residences, workplace, single household rental, retail, and leisure venues. A further $2.5 billion in fairness is underneath administration.