Quantcast
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs

What's the delay at Manchester's Austin hotel?

Papa Doug's son says financing still not nailed down

Artist's rendition of bottom floors of the Fairmont hotel (image from hotelchatter.com)
Artist's rendition of bottom floors of the Fairmont hotel (image from hotelchatter.com)

Texas media are wondering what's holding up the beginning of Papa Doug Manchester's 1035-room hotel in downtown Austin, to be named the Fairmont.

A headline in the Austin Business Journal this week asked, "Hotels abound downtown, but what about the Fairmont?" Wrote the author, "The $350 million question is whether the Fairmont Austin — a 50-story, 1000-room hotel — willl be built." Papa Doug's son, also named Doug, who is in charge of the project, "was adamant last summer that the hotel would break ground in November 2013, but that didn't happen."

A spokesperson for the hotel told the paper that there is no "precise" timeline.

"Randy McCaslin, a hotel expert with PKF Consulting USA in Houston, noted that it might be tough to build another 1000-room hotel at this stage in the game," according to the publication. Experts are predicting that downtown Austin could have a 40 percent increase in hotel rooms in three years (including the proposed Fairmont.) "The market would have a hard time absorbing another 1000 rooms, considering the large number of rooms scheduled to open in 2015, 2016, and 2017," McCaslin told the publication. A 1012-room JW Marriott is expected to open March 1, 2015.

Papa Doug's son told the Austin American-Statesman in a story that ran January 28 that site work began late last year and "will continue as designs are completed, construction costs are nailed down, and our final decisions with respect to financing are made."

I interviewed a hotel expert who didn't want to be named. He said there is a chance that the Austin market could become glutted, considering all the expected new building, and there is a good chance that Manchester is having trouble getting financing. Papa Doug's Grand Del Mar is at best breaking even, he guessed. It's "lovely," but he doesn't see evidence that there is sufficient business, he said.

The Grand Del Mar has been rumored to be troubled in the last couple of years, although some hotel experts think it has been getting healthier.

Here's something you might be interested in.
Submit a free classified
or view all

Previous article

South by Southwest: Matthew McConaughey, Virtual Textile Art Workshop

Events June 7-June 10, 2020
Next Article

A hashtag is not sufficient this week

Why are we are surprised when our culture throws up chaos and violence?
Comments
8

Are you ready for some Superbowl !? Pepsi at halftime, yuck, I like Bruno Mars music though.

Feb. 1, 2014

shirleyberan: The greatest operatic soprano of today, Renee Fleming, will sing the Star Spangled Banner. That alone makes it exciting. Best, Don Bauder

Feb. 1, 2014

Don: Not an opera fan myself, but it will be refreshing to see someone sing our National Anthem in a classy way, as opposed to the usual butchering of the Anthem by so-called talent at sporting events on a regular basis.

Feb. 2, 2014

aardvark: Wait until you hear Fleming sing. You will immediately buy season tickets to San Diego Opera. She has sung in San Diego a couple of times.

I vividly remember her singing the lead in Dvorak's Rusalka in 1995, an opera my wife and I have loved since our marriage in 1962. Fleming was wonderful; San Diego Opera had never been so good. We went on a Friday and I got a ticket to go again on Sunday. But the Chargers were playing in the Super Bowl. I was dressed to go to Rusalka when my youngest son called and said it would be heresy not to watch the Chargers. I did and they got slaughtered. My son has heard about that several times since. Best, Don Bauder

Feb. 2, 2014

Don: I will not be buying season tickets to the opera, but I really enjoyed her version of the National Anthem.

Feb. 2, 2014

aardvark: Yes, it was wonderful. Wouldn't it be ironic if football, the enemy of culture, helps revive it? Best, Don Bauder

Feb. 2, 2014

If Dougie needs money for his Austin hotel, maybe he should sell the Manchester U-T while it is worth a few million.

Feb. 3, 2014

aardvark: San Diego would be so much better off if Papa Doug would sell that paper -- if he could find a buyer.

Here's a scenario that could play out: Manchester will shift the paper to online-only, or almost online-only, move the operation to cheap rented quarters, and utilize the Mission Valley property for development purposes. He has already taken out entitlements to develop the U-T parking lot. Many of us felt from day one that he bought the paper for real estate purposes. But again, this would depend on his getting financing. And the San Diego market is probably not yet ready for more commercial and residential development. Best, Don Bauder

Feb. 4, 2014

Sign in to comment

Sign in

Artist's rendition of bottom floors of the Fairmont hotel (image from hotelchatter.com)
Artist's rendition of bottom floors of the Fairmont hotel (image from hotelchatter.com)

Texas media are wondering what's holding up the beginning of Papa Doug Manchester's 1035-room hotel in downtown Austin, to be named the Fairmont.

A headline in the Austin Business Journal this week asked, "Hotels abound downtown, but what about the Fairmont?" Wrote the author, "The $350 million question is whether the Fairmont Austin — a 50-story, 1000-room hotel — willl be built." Papa Doug's son, also named Doug, who is in charge of the project, "was adamant last summer that the hotel would break ground in November 2013, but that didn't happen."

A spokesperson for the hotel told the paper that there is no "precise" timeline.

"Randy McCaslin, a hotel expert with PKF Consulting USA in Houston, noted that it might be tough to build another 1000-room hotel at this stage in the game," according to the publication. Experts are predicting that downtown Austin could have a 40 percent increase in hotel rooms in three years (including the proposed Fairmont.) "The market would have a hard time absorbing another 1000 rooms, considering the large number of rooms scheduled to open in 2015, 2016, and 2017," McCaslin told the publication. A 1012-room JW Marriott is expected to open March 1, 2015.

Papa Doug's son told the Austin American-Statesman in a story that ran January 28 that site work began late last year and "will continue as designs are completed, construction costs are nailed down, and our final decisions with respect to financing are made."

I interviewed a hotel expert who didn't want to be named. He said there is a chance that the Austin market could become glutted, considering all the expected new building, and there is a good chance that Manchester is having trouble getting financing. Papa Doug's Grand Del Mar is at best breaking even, he guessed. It's "lovely," but he doesn't see evidence that there is sufficient business, he said.

The Grand Del Mar has been rumored to be troubled in the last couple of years, although some hotel experts think it has been getting healthier.

Sponsored
Here's something you might be interested in.
Submit a free classified
or view all
Previous article

Five black-owned restaurants to try in San Diego

As George Floyd protests continue, some diners seek to support African-American restaurateurs
Next Article

Dark night for La Mesa

"I don't understand. Why?"
Comments
8

Are you ready for some Superbowl !? Pepsi at halftime, yuck, I like Bruno Mars music though.

Feb. 1, 2014

shirleyberan: The greatest operatic soprano of today, Renee Fleming, will sing the Star Spangled Banner. That alone makes it exciting. Best, Don Bauder

Feb. 1, 2014

Don: Not an opera fan myself, but it will be refreshing to see someone sing our National Anthem in a classy way, as opposed to the usual butchering of the Anthem by so-called talent at sporting events on a regular basis.

Feb. 2, 2014

aardvark: Wait until you hear Fleming sing. You will immediately buy season tickets to San Diego Opera. She has sung in San Diego a couple of times.

I vividly remember her singing the lead in Dvorak's Rusalka in 1995, an opera my wife and I have loved since our marriage in 1962. Fleming was wonderful; San Diego Opera had never been so good. We went on a Friday and I got a ticket to go again on Sunday. But the Chargers were playing in the Super Bowl. I was dressed to go to Rusalka when my youngest son called and said it would be heresy not to watch the Chargers. I did and they got slaughtered. My son has heard about that several times since. Best, Don Bauder

Feb. 2, 2014

Don: I will not be buying season tickets to the opera, but I really enjoyed her version of the National Anthem.

Feb. 2, 2014

aardvark: Yes, it was wonderful. Wouldn't it be ironic if football, the enemy of culture, helps revive it? Best, Don Bauder

Feb. 2, 2014

If Dougie needs money for his Austin hotel, maybe he should sell the Manchester U-T while it is worth a few million.

Feb. 3, 2014

aardvark: San Diego would be so much better off if Papa Doug would sell that paper -- if he could find a buyer.

Here's a scenario that could play out: Manchester will shift the paper to online-only, or almost online-only, move the operation to cheap rented quarters, and utilize the Mission Valley property for development purposes. He has already taken out entitlements to develop the U-T parking lot. Many of us felt from day one that he bought the paper for real estate purposes. But again, this would depend on his getting financing. And the San Diego market is probably not yet ready for more commercial and residential development. Best, Don Bauder

Feb. 4, 2014

Sign in to comment

Sign in

Art Reviews — W.S. Di Piero's eye on exhibits Ask a Hipster — Advice you didn't know you needed Best Buys — San Diego shopping Big Screen — Movie commentary Blurt — Music's inside track Booze News — San Diego spirits City Lights — News and politics Classical Music — Immortal beauty Classifieds — Free and easy Cover Stories — Front-page features Excerpts — Literary and spiritual excerpts Famous Former Neighbors — Next-door celebs Feast! — Food & drink reviews Feature Stories — Local news & stories From the Archives — Spotlight on the past Golden Dreams — Talk of the town Here's the Deal — Chad Deal's watering holes Just Announced — The scoop on shows Letters — Our inbox [email protected] — Local movie buffs share favorites Movie Reviews — Our critics' picks and pans Musician Interviews — Up close with local artists Neighborhood News from Stringers — Hyperlocal news News Ticker — News & politics Obermeyer — San Diego politics illustrated Of Note — Concert picks Out & About — What's Happening Overheard in San Diego — Eavesdropping illustrated Poetry — The old and the new Pour Over — Grab a cup Reader Travel — Travel section built by travelers Reading — The hunt for intellectuals Roam-O-Rama — SoCal's best hiking/biking trails San Diego Beer News — Inside San Diego suds SD on the QT — Almost factual news Set 'em Up Joe — Bartenders' drink recipes Sheep and Goats — Places of worship Special Issues — The best of Sports — Athletics without gush Street Style — San Diego streets have style Suit Up — Fashion tips for dudes Theater Reviews — Local productions Theater antireviews — Narrow your search Tin Fork — Silver spoon alternative Under the Radar — Matt Potter's undercover work Unforgettable — Long-ago San Diego Unreal Estate — San Diego's priciest pads Waterfront — All things ocean Your Week — Daily event picks
4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
Close