SCHAUMBURG, Ill.—Hostmark Hospitality Group announced that they have entered into a joint venture with Pendo Investments and acquired the Hampton Inn Austin Airport in Austin, Texas. The property will be managed by Hostmark Hospitality Group.
“This is a phenomenal opportunity to expand our relationship with Hilton and the Hampton Inn brand in one of the premier markets in the United States,” states Jerome F. Cataldo, president and CEO of Hostmark Hospitality Group.
The 102-room hotel is optimally located just minutes from Austin-Bergstrom International Airport and is within close proximity to Austin’s cultural attractions, corporations, universities, and thriving music scene.
“We have assembled a premier team with Hostmark, Hilton, and Pendo Investments, to capitalize on a great hotel in a fantastic city,” mentions Brian Buchhagen, president of California-based Pendo Investments. “We have earmarked capital to fully renovate the property providing a best-in-class guest product and experience.”