Exited

The Wyndham Hotel Downtown

The property is ideally located within a few blocks of Austin’s robust Central Business District, the Texas State Capitol Building, and the campus of the University of Texas at Austin.

  • 21 stories
  • 198 units
  • Ground floor work spaces
  • In the heart of Downtown Austin
  • America’s fastest growing city

Where the CBD was formerly defined by office properties that were active only in the daytime, the urban neighborhood is undergoing a renaissance in which more continuous living, dining, shopping and recreational activities are supported by the city’s public transport infrastructure.

  • Luxury living
  • Premier amenities
  • Panoramic views
  • Easy access to landmark attractions and natural beauty

In addition to the thriving business district with its growing residential population, the location of the property will afford its residents quick and easy access to many of Austin’s natural amenities – Republic Square Park, Lady Bird Lake, the Austin Hike & Bike Trail, Barton Creek, Lake Austin, and numerous greenbelts.

In 2016, for the fifth time in six years, Forbes Magazine ranked Austin as America’s fastest growing city. Forbes also put Austin top of its list of U.S. cities with “the best chance to prosper in the coming decade.”

Over 48% of Austin’s population is within the prime renter’s age segment of 18-34 years of age (more than twice the national average of 21%). With strong demand from an increasing residential and professional population, rental rates in Austin have been on the rise continuously for the past five years.

Gallery

Map

Aspen Heights Downtown

Construction Status

The construction project was delivered on time and within budget in September of 2016. The project was leasing up at rental prices above plan when an unsolicited offer to acquire the property was presented. Wyndham Hotels and Resorts, Inc. were looking for an upscale and extended-stay hospitality property in downtown Austin in addition to their older Wyndham Garden Inn property, and thus acquired and re-purposed this project.

Are you an accredited investor?

The EB-5 opportunities offered by Texas Growth Fund are open only to “accredited investors” as defined by United States securities law.

An accredited investor must have one of the following:

  1. Net worth (or joint net worth with the investor’s spouse) of at least $1,000,000 (excluding the value of investor’s primary residence).
  2. Annual gross income in each of the last two years of at least $200,000, and expected gross income in the current year of at least $200,000 (or joint annual gross income with spouse of $300,000).