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2/23/2024
I think this year we're going to accomplish internally a number for this hotel is the best year we've ever had. And it's a consequence of all of those repositions. And I've been personally very encouraged by some of the booking trends that we have seen in this hotel over the last few months.
That's a great color, exactly what I was looking for. If I could just do a follow-up, but I can't remember if this was addressed at the Investor Day or not, but I know when you went into Austin, there was originally talk about selling the W. It's now part of the Taros deal, and does that change the outlook for a sale, or does the closure of the convention center make a sale you know, less likely, at least for the next handful of years?
Yeah, I don't think that the convention center renovation and closure will influence that decision. You know, we're undertaking, you know, full renovation there. And generally the way that we think about it from an entertainment business perspective is that, you know, it's a terrific asset. And the real question for us is how we want to operate that block 21 complex and what are the relationships and synergies that we can drive and create between the hotel and the venue. It is an asset that we do have the opportunity to monetize if we would choose to in the future. It is not encumbered by management or brand on sale. So, you know, in terms of value creation, there is an opportunity for that hotel to be repositioned if someone wanted to build a luxury product there. So we have that optionality, Bill. I don't think we know at this point what we want to do with that asset.
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