Prized Central Austin property to be transformed into luxury hotel

The Commodore Perry Estate, a historic homestead on a pristine 10-acre patch of land along Waller Creek in Central Austin, is set to be transformed into a 53-room boutique hotel.
Local developers Clark Lyda and Austin Pfeister, backed by real estate investment firm The Marchbanks Co., aim to break ground in early 2018 for a mid-2019 opening on the site at East 41st and Red River streets, northeast of the University of Texas campus, the Austin American-Statesman reports.
The hotel property, mainly…

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