{"id":317490,"date":"2026-06-01T12:01:15","date_gmt":"2026-06-01T12:01:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/317490\/"},"modified":"2026-06-01T12:01:15","modified_gmt":"2026-06-01T12:01:15","slug":"austins-hotel-woes-grow-with-another-foreclosure","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/317490\/","title":{"rendered":"Austin’s hotel woes grow with another foreclosure"},"content":{"rendered":"

The foreclosure announcement comes just days after another iconic hotel in downtown Austin was slated for the auction block, underscoring a broader trend among some of the city’s downtown hospitality properties.\u00a0<\/p>\n

Hyatt did not immediately respond to Chron’s request for comment.\u00a0<\/p>\n

The 246-unit hotel encompassing 162,293 square feet was built in 2021, according to Travis County property records. The property has an assessed tax value of $56.1 million.\u00a0<\/p>\n

Hyatt Centric Congress Avenue opened in February 2023, according to a prior news release.<\/a> Hyatt advertised the hotel’s proximity to the Texas state capital, Lady Bird Lake, the University of Texas at Austin campus and the arts and culture district in downtown Austin.\u00a0<\/p>\n

The 31-story hotel features an art gallery, full-service restaurant, terrace bar and lounge, several meeting spaces, 24\/7 fitness center, 2,560 square-foot flexible event space and 1,400 square foot event space in the 31st floor penthouse.\u00a0<\/p>\n

One of Austin’s most recognizable boutique hotels is also headed towards foreclosure after allegedly defaulting on a multi-million-dollar loan. \u00a0<\/p>\n

The Line Austin, a luxury hotel located at 111 East Cesar Chavez Street, was flagged for a June foreclosure auction after its ownership entity defaulted on a $172-million loan tied to the property, according to The Real Deal.<\/a> JP Morgan issued the mortgage for the 428-room hotel in 2023. \u00a0<\/p>\n

The Line Austin opened in 2018 inside of a redeveloped building that once housed the Crest Inn. The property dates back to the 1960s and operated under different brands through the years, including as a Radisson.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"The foreclosure announcement comes just days after another iconic hotel in downtown Austin was slated for the auction…\n","protected":false},"author":2,"featured_media":317491,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[1836,1704,85744,27,29,28],"class_list":["post-317490","post","type-post","status-publish","format-standard","has-post-thumbnail","category-texas","tag-chronnews","tag-chronstaff","tag-chrontexas","tag-texas","tag-texas-headlines","tag-texas-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/317490","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=317490"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/317490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/317491"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=317490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=317490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=317490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}