Culturemap Dallas covered the announcement made by Houston developer Giorgio Borlenghi, president and owner of Interfin Companies LP, that construction on the Hotel Granduca Austin, an Italian-styled luxury hostelry, has begun.
Built on a hillside site in West Austin, the nine-story, 194-room boutique hotel is scheduled to be completed in late 2015. It is rumored that, upon completion, the hotel will command some of the highest nightly rates in Texas. The original Hotel Granduca is located in Houston and is listed as one of the best hotels in Texas.
"It's in an area of town that's underserved by hotels," Mr. Borlenghi said. "It's only 15 minutes away from downtown and from UT. It gives us the opportunity to create our own market and something different, offering a real alternative to people traveling to Austin."
The ownership group is represented by Hospitality Partner Clifford J. Risman and Attorney Blake Elizabeth Sachs.
The complete article can be viewed here.