A developer known for chic boutique hotels in Texas has embarked on its first Houston project.
Austin-based Bunkhouse St. Augustine begins construction today—a two-story, 71-room hotel with event space, restaurant and bar for guests, Austin Business Journal Report.
The site is adjacent to the Menil Collection on Avenue Loreto in Montrose. Bunkhouse, led by Amar Lalvani, has delivered several high-profile hotels in Austin, including the San Jose Hotel and the Magdalena Hotel, which are expected to be completed by the end of 2024.
The Marchbanks Company, with which Bunkhouse often works, will build the structure. San Antonio-based Lake Flato Architects was the designer, while Post Company was at the helm of the interior design. Ten Eyck landscape architects will design “the lush grounds and gardens throughout the property, as well as winding paths and outdoor spaces around existing significant trees,” Bunkhouse told the outlet.
The St. Augustine Hotel marks the company’s seventh hotel in Texas. It has five in Austin, one in San Antonio and one in Salado.It will be the firm’s first project in Houston, where hotel real estate is struggle.
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As of March, Greater Houston’s hotel market ranks among the lowest in the nation, according to a study by TREPP. Its average occupancy rate is about 53%, and one-third of hotels report lower net cash flow growth.
— Quinn Donoghue
