Interested in building a small hotel in SW Austin, how much capital do I need and what do I need to know?
I am interested in opening a small hotel in Southwest Austin. With the amount of growth in Circle-C and surrounding areas it always startled me that the only hotels in business are the La Quinta and Extended Stay America near MOPAC and 290, the new Holiday Inn Express in Sunset Valley and the old Texas Motel.
With the hundreds of residence in Circle-C, plus Freescale and now AMD moving in, it seems like accomidations are a massive shortage.
I would like to capitalize on this, does anyone know what it takes in terms of required capital, seeking approval from the county,etc.
I am thinking 290 West in Hayse county or closer in to the "Y" in Oak Hill.
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