Ryman Hospitality Properties has reached an agreement with Stratus Properties to acquire Block 21, a mixed-use entertainment, lodging, office and retail complex located in downtown Austin, for a total purchase price of $260 million.
Completed in 2010 and located on an entire city block in Austin’s 2ND Street District, Block 21 is home to the iconic ACL Live at the Moody Theater (ACL Live), a 2,750-seat, state-of-the-art entertainment venue that serves as the filming location for the famed Austin City Limits television series. The Block 21 complex also includes the 251-room W Austin hotel, the 3TEN at ACL Live club and approximately 53,000 square feet of other class A commercial space.
The acquisition is expected to close near the end of the fourth quarter of 2021.
