Manchester Texas Financial Awards $247M Construction Contract for Fairmont Austin
Thursday March 20th, 2014 - 9:03AM G
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AUSTIN, TX— Manchester Texas Financial Group LLC, the developer of the Fairmont Austin hotel, awarded a $247 million contract to Hunt Construction Group to bring the luxury hotel out of the ground here over the next 32 months.
The $370 million, 47-story Fairmont Austin is slated to feature more than 1,000 rooms and showcase an “aerial promenade” providing a direct connection for its patrons into the Austin Convention Center. The site is located at the northeast corner of Cesar Chavez and Red River Sts. across from the convention center.
Manchester Texas Financial Group LLC (MTFG), noted Hunt Construction Group previously contracted for two other large projects its parent company’s developed in San Diego, CA. MTFG, based in Austin, is a subsidiary of San Diego-based Manchester Financial Group.
Hunt constructed the 1,360-room San Diego Marriott Marquis Hotel and Marina and participated in the construction of the 1,630-room Manchester Grand Hyatt San Diego.
Douglas W. Manchester, president of MTFG, stated: “Given our long-standing relationship with Hunt Construction Group and the firm’s excellent track record in developing two outstanding, convention hotels for us in San Diego, we feel confident the same team will produce an exceptional hotel here in Austin as well.”
Locally sourced materials will be used on the exterior and the interior of the building, including Texas limestone, walnut and mesquite woods, granite and hand-tooled leathers, according to the company. Green building features will also target achieving the U.S. Green Building Council’s LEED certification and Austin Energy’s Green Builder rating.
Tags: Fairmont Austin • Manchester Texas Financial Group LLC • Hunt Construction Group • Fairmonts Hotels and Resorts • Hospitality • Construction/Renovation •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.