Austin developer plans 60-acre project near airport

Dallas-based Bedford Lodging will build the hotel on about 3.5 acres. Construction is due to start in the second quarter of this year. Two more hotels are expected to follow. Airport Gateway eventually is expected to have 350 hotel rooms in all on a new road called Casey Bridge Court.

“We’ve owned this land for a while, waiting for the right time to move forward,” said Ken Satterlee, founder and president of St. Croix Capital Corp. “With one hotel signed up, and another one in final contract negotiations, the market is telling us it’s a good time to start.”