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Market Profile: Austin June 11, 2010 07:00 PM

Austin's stalled hotel development sector could get a shot in the arm if plans to expand the city's convention center move forward. The city's Economic Growth and Redevelopment Services Office expects to have the results of a financial feasibility study for a new hotel to support the center in the next month. "The goal is to understand if our ability to attract business conferences and events is being limited by a lack of hotels and to understand if there is a financial benefit to building another major hotel. We don't want one cannibalizing existing hotels," explained Brian Gildea, ...

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