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The Dow Hotel Company Completes $7 Million Makeover of Lakeway Resort and Spa

Monday, March 17, 2014
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The Dow Hotel Company, a leading hotel owner/investor and operator, today announced that it has completed a nearly $7 million, 18 months complete makeover of the AAA Four Diamond Lakeway Resort and Spa, located on the shores of Lake Travis just outside of Austin, Texas.

“Virtually every aspect of the resort has been upgraded, from the roof to the flooring and everything in between,” said Murray L. Dow II, DHC founder and president. “We have paid close attention to what our guests want, ranging from introducing our Masterson’s Steakhouse, with its sophisticated, yet southwest appeal, that offers pristine views of Lake Travis and the surrounding Hill Country, to the award-winning San Saba Spa.”

Dow noted that the extensive renovation was undertaken in phases to eliminate guest disruption and enhance revenues. “Through careful planning and execution, we were able to systematically re-imagine the resort with little to no impact on guests. Throughout the process, we were able to maintain occupancy and room rate. Our design process paid close attention to what our guests and meeting planner’s are asking for. This was one of our most complicated renovations due to re-concepting of the outlets and creating a new environment for everyone.

Public spaces were totally refreshed and all 168 rooms and suites were completely revitalized from carpeting to the furniture. The décor, including the public spaces, reflects a contemporary style that blends traditional Texas elements and natural references found in the colors and visual patterns of the setting at Lake Travis.

Special attention was given to food and beverage and catering with new food and beverage venues and the equipment necessary in kitchens and bars. A new, upscale restaurant, Masterson’s Steakhouse, which overlooks Lake Travis, was introduced from DHC’s stable of proprietary eateries with a personal twist. Named after the famous lawman, Bat Masterson, who spent considerable time in Texas, is a distant relative of DHC founder.

Meeting space was totally updated to take advantages of the resort’s stunning lake and Hill Country views. With17 meeting rooms, including four large ballrooms, encompassing 24,000 square feet of function space, the resort can accommodate groups ranging from 10 to more than 350 people. The dramatic Vistas Ballroom with breathtaking views of Lake Travis has been augmented with additional pre-function space, making it an ideal venue for weddings and social events.

Kids will enjoy a whole new experience in the brightly colored, retooled, 4,000-square-foot Kid Zone play area. Children have numerous game and activity options in the adult supervised area. Kids and adults now can enjoy virtually year-round swimming in two heated and one unheated pool. Regardless of age, pool guests will delight in the totally refreshed outdoor area that has been upgraded with new surfaces and water features and a swim up pool bar. Technology was not overlooked, with enhanced, complimentary, high speed, wireless Internet access and large HDTV TVs.

“This is the seventh major renovation we have completed in the past 24 months, all of which have been on time and budget,” Dow said. “We have extensive experience in overseeing upgrades and repositioning of properties. It requires expertise in managing all aspects of the process, beginning with creating the property’s personality through design and seamless oversight of construction/installation. We believe that there will be an extensive number of upgrades to hotels over the next three years as they change ownership and seek enhanced profitability.”

About Lakeway Resort and Spa
Just 30 miles from downtown Austin on a 12-acre lakefront site, the Lakeway Resort and Spa is a member of the prestigious, global collection of Preferred Hotel Group and is the only waterfront resort on Lake Travis, providing numerous recreational and teambuilding opportunities for leisure and business guests. The Four Diamond award-winning Lakeway Resort and Spa features 168 rooms and condominiums, spa and fitness center, heated outdoor swimming pools, lakeside dining, sailing, marina, nearby golf and tennis and more than 24,000 square feet of premier, lakefront meeting and event space. Lakeway Resort and Spa is located at 101 Lakeway Dr., Austin, Texas 78734. For more information, please visit www.lakewayresortandspa.com or call 512-261-6600.

About The Dow Hotel Company
Founded in 1997, Seattle-based The Dow Hotel Company is a hotel owner/investor and operator of 11 first-class, full-service hotels with properties throughout the United States. The company’s portfolio of owned and managed properties consists of institutional-grade hotels, under such brands as Marriott, Hilton, Hyatt, Embassy Suites, Doubletree, Sheraton, and Crowne Plaza. The company aggressively seeks to acquire, co-invest with joint venture partners and/or manage mid- to large-size, first-class, full-service hotels, especially those with extensive food and beverage capabilities.

The company currently operates food and beverage facilities around the nation, ranging from casual dining to upscale, bars/lounges with Starbuck and Tully’s coffee outlets. In addition to Masterson’s, the division’s proprietary restaurant concepts also include Basil’s Kitchen, SunSpot, BC Bistro, and Basil’s Bistro. Additional information about The Dow Hotel Company may be found at www.dowhotelco.com.

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