The Developer Manchester Texas Financial Group LLC announced last Tuesday the development of a new hotel, Fairmont Austin downtown. The construction of the said hotel project was given to Hunt Construction Group.
Hunt Construction Group, who also led the building of two pride hotels of Manchester Group, was said to sign a construction contract amounting $247 million.
The said project is expected to be erected along Cesar Chavez and Red River streets. Fairmont Austin will house 1,000 rooms from its 47 floors in which it was said to cost an estimated amount of $370 million.
The hotel should have been constructed last 2013, but due to some building permit issues, it was recently that the project was given an approval. No expected date of completion was yet announced.