Aj Capital Partners Acquires Property for Conversion to Graduate Austin
Adventurous Journeys (AJ) Capital Partners announced an acquisition in downtown Austin which will be home to the forthcoming Graduate Austin, part of the Graduate Hotels®️ collection. The property, located at Guadalupe Street and West 18th Street, is conveniently situated in the heart of downtown, just steps from the University of Texas campus and Texas Capitol Mall. Upon completion, the 18-story hotel is expected to open in 2025.
Created for travelers who seek memory-making journeys, Graduate Hotels is a thoughtfully crafted collection of hotels that reside in the most dynamic university-anchored cities across the country. Each property celebrates and commemorates the optimistic energy of its community while offering an extended retreat to places that often play host to the best days of our lives.
"Austin has long been a dream location for Graduate," said Tim Ryan, Chief Investment Officer for Graduate Hotels. "The city's distinct personality, creative energy and adventurous spirit align perfectly. We're huge fans of this community and all things UT, and we look forward to delivering a space that reflects and celebrates those sentiments through design that's rooted in storytelling, gracious hospitality, best-in-class food and beverage offerings and more."
Décor throughout Graduate Austin will embody an eclectic and creative personality, featuring a mix of bespoke patterns, textures and design details that pay homage to the city's playful spirit and the storied culture of The University of Texas. The property's classic architecture will be complemented with rich, layered finishes such as glazed terracotta and checkered cement tile, grasscloth wallpapers, retro fabrics, and warm, desert-inspired hues.
The hotel will also offer meeting and event space, on-site parking, a fitness center, ground floor café and lobby bar, rooftop restaurant and bar, and a rooftop pool. The Burt Group will serve as co-developer of the project alongside the AJ team.
Founded in 2014 by CEO and founder Ben Weprin, there are currently 33 open Graduate Hotels properties across the U.S. and U.K., and four additional properties in various stages of development in Auburn, Alabama; Austin, Texas; Dallas, Texas; and Princeton, New Jersey. AJ and Graduate Hotels are headquartered in Nashville, Tenn.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
