Stratus attempts to sell W Austin hotel to Ryman for second time

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Photo of the W Austin hotel

Stratus attempts to sell W Austin hotel to Ryman for second time (Arnold Wells/Austin Business journal)

AUSTIN (Austin Business Journal) — The sale of the W Austin hotel — which includes the music venue where the famous Austin City Limits Live series is taped — is back on after being off the table for nearly two years because of the COVID-19 pandemic.

Austin-based Stratus Properties Inc. announced Oct. 26 it has agreed to move forward with the sale of the W and ACL Live at the Moody Theater, which make up what is known in commercial real estate circles as Block 21 in downtown Austin, to Nashville-based Ryman Hospitality Properties Inc.

Ryman, owner of the Grand Ole Opry House in Nashville, will pay $260 million for the downtown block bounded by Lavaca Street, Second Street, Guadalupe Street and Third Street.

Read the full story in the Austin Business Journal.

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