Austin Marriott Groundbreaking Event

An official groundbreaking of the 613-room Austin Marriott Downtown took place on January 30 with White Lodging executives, city leaders, and Poe Companies. The hotel, located adjacent to the Austin Convention Center, is scheduled to open in the summer of 2020.

The full-service, 31-story Marriott is at the corner of Cesar Chavez and San Jacinto, and will offer spectacular views of the University of Texas campus, the State Capitol and downtown Austin’s skyline.

“This project will complement the existing JW Marriott Austin,” said Deno Yiankes, President and CEO Investments and Development at White Lodging, referencing the White Lodging developed property which opened in 2015. “Together, these properties will provide a game-changing opportunity for the city, elevating its attractiveness for large meetings and conventions, which otherwise might not consider Austin.”

Together, the two properties have more than 1,600 rooms and nearly 180,000 square feet of meeting space, which will be within two blocks of the convention center.There are less than seven other cities in the country that offer this amount of rooms and meeting space in the heart of their city’s centers, and an even smaller number that have one sales organization with direct sales impact over multiple hotels.

The Austin Marriott Downtown will have 64,000 square feet of meeting, exhibit and entertainment space, three bars and a street-level full-service restaurant. It will also feature an exhibit hall with floor-to-ceiling windows along a 170-foot glass wall.

The seventh-floor pool deck will feature private cabanas with ceiling fans, TV and private waiters, plus private seating areas with individual fire pits. The M Club will have its own private outdoor terrace for VIP guests.

Guests will also be able to keep their vehicles out of the elements in the self-contained 257-space underground parking garage.

Media Clippings:


Groundbreaking for $25M RiverPark Place apartment expansion

By Staff, Thursday, February 1st 2018

LOUISVILLE, KY (WAVE) –  RiverPark Place has started a third phase of apartments.

Louisville Mayor Greg Fischer was one of many on hand Thursday morning to celebrate the additional development on River Road.

Designed to maximize views of the Ohio River, downtown, Waterfront Park and Beargrass Creek, the developers said they’re confident the location will be in demand.

But phase three isn’t the end of their plans.

“We have 40 acres here. There will be buildings, buildings down there,” Developer Steve Poe said. “Probably what happens is this building will get built probably and the plan is we’ll jump down the plaza and build basically the same building again.”

In all, the third phase of RiverPark place will include more garages, apartments and studios. They’ll go on the market for a possible $800 to $2,800 a month.


More Media Coverage:

Insider Louisville – Investment in River Road development nearing $100 million

Louisville Business First – Poe Cos., development partners launch $25M RiverPark Place apartment expansion


Hotel Distil/Moxy Groundbreaking

Poe Companies celebrated the Hotel Distil/Moxy groundbreaking on Tuesday, November 28, 2017.  We enjoyed having many of our partners, investors and friends in attendance. It was a great way to celebrate the beginning of construction and the uniqueness of the hotels.

Media Clippings:


New $20 million downtown hotel headed toward final approval

By CAITLIN BOWLING | InsiderLouisville | 

The eight-story, 133-room Homewood Suites downtown only has one more hurdle left before construction can begin.HW-Suites-Louisville-Rendering

The Land Development and Transportation Committee was expected to hear the case Thursday, but it was continued until April 6.

Glenn Price, the attorney with Frost Brown Todd, said his clients Tim Mulloy and Steve Poe opted to continue the case while they work out a few additional project details with the Louisville Department of Public Works.

Mulloy, head of real estate management company Mulloy Properties, owns the land at 635 W. Market St, which is currently a surface parking lot. He has partnered with developer Poe, who will build the Homewood Suites. Poe Companies recently completed the 175-room Aloft hotel at Main and First streets downtown.

Unlike some other development projects, this one won’t go before the Board of Zoning Adjustment or the Planning Commission. Pending approvals from the Land Development and Transportation Committee, construction is expected to start this summer and take about 14 months, putting the opening around late summer or early fall 2017.

The hotel will include an indoor pool, a fitness center, an outdoor terrace with a fire pit, meeting space, a business center, a pantry for guests and a dining area. Homewood Suites guests will park in the city-owned parking garage at 601 W. Jefferson St.

The first-floor facade will be made out of a beige stacked stone or brick, according to Jae Chong, an architect with Atlanta-based PFVS Architecture, but the exterior of the upper levels will be a composite material called EIFS. It will look like granite, Chong said.

The Downtown Development Review Overlay Committee approved plans for the new hotel on Wednesday, with only one vote against. DDRO committee member Ed Kruger took issue with the use of EIFS, which he described as “typical suburban inexpensive material.”

“I’m thrilled to see finally one of the larger surface parking lots in downtown Louisville be on a mission to destruction,” Kruger said. But “I do have extreme reservations though about the project exterior materials, mainly because I think we are not in accordance with our guidelines.”

Glass, steel, precast concrete and brick are more in line with buildings already downtown, he said. EIFS is used on “second-tier hotels.”

After the meeting, Poe said using EIFS comes down to cost and energy efficiency. “We’d love to build really, really expensive buildings, but that means we’d need to have really, really high hotel rates.”

Other members of the DDRO present didn’t agree with Kruger.

“It’s very creative for Louisville in the context of the urban setting,” committee member Milton Haskins Jr. said.


Via InsiderLouisville

What’s Behind the Dual-Brand Hotel Trend?

Robert Car • National Real Estate Investor

A new trend in the hospitality sector, dual-branding, is drawing strong industry interest, with developers and operators trying to double up offerings at a single property.


There had been a number of dual-brand properties announced or launched in recent months. White Lodging is building and will manage a 495-room, dual AC Hotel by Marriott and Meridien Hotel by Starwood in downtown Denver. The developer has also started construction on a 32-story, 422-room Aloft and Element hotel in downtown Austin, Texas, which it will own in a partnership with REI Real Estate Inc. and Poe Cos. Noble Investment Group and IHG have a joint venture to develop a 235-room EVEN Hotels and Staybridge Suites combo in downtown Seattle.

Read the full story here.

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