by Sarah j.F. Braley | March 13, 2013

Hyatt Hotels Corp. has acquired the 189-room Driskill Hotel in Austin, Texas, for $85 million, in a deal that closed Friday. The property, whose name will not change, will undergo an $8 million renovation. Built in 1886, the Driskill Hotel is in the heart of downtown and offers 18,000 square feet of meeting space. The Driskill Grill, which opened in 1929, serves up award-winning fare.