Austin–Round Rock–Georgetown MSA
Illustrative seedTexas / South·Destination dashboard
Tech + leisure + SXSW/ACL event spikes. Downtown vs Domain vs airport; supply absorption key.
Metrics and signals below are illustrative Capital Graph placeholders for IC-memo drafting — replace with licensed STR / Tourism Economics before underwriting. Human-touch / talent capacity remains a CapEx and refinance greenlight gate.
Which Austin — scarcity vs impact
Which Austin: Downtown SXSW/ACL event spikes and Domain/tech midweek are not airport corridors. Event compression ≠ year-round scarcity. Illustrative seed.
Signals
3 seededTech midweek + SXSW/ACL event spikes
Illustrative: event weeks print outsized ADR; shoulder and midweek tech demand differ. Do not annualize event RevPAR.
Downtown vs Domain pipeline watch
Illustrative: Austin has seen aggressive supply. Absorption against tech cycle and event calendar is the tell.
Tech-competing hospitality staffing gate
Illustrative: hospitality competes with tech for labor. CapEx greenlights clear staffing + GC capacity.
Assets
1 illustrative / citedDowntown Austin / Rainey / 2nd St class (illustrative)
keys n/a · full-service / lifestyleDowntown Austin
Proxy for downtown event/leisure ADR vs Domain or airport. Underwrite which Austin.