Construction Begins for the 194-room Hotel Granduca Austin in Texas

. April 11, 2014

AUSTIN, Texas - April 11, 2014 - Construction will begin this week on a new luxury hotel - the Hotel Granduca Austin. A joint venture between Houston-based Interfin Companies LP and Riverside Resources of Austin, the hotel will sit atop the hillside near Bee Caves Road and Loop 360. Riverside Resources is also developing a seven-story office building and associated parking garage in conjunction with the 194-room hotel which is scheduled for completion in late 2015.

The hotel is based on innovative Houston developer Giorgio Borlenghi's vision of old-world Italian sophistication and modern luxury similar in style to the original Hotel Granduca in Houston, Texas. The hotel will echo the classical grace of a private Tuscan villa with common areas and rooms filled with elegant touches and a warm ambiance making guests feel at home from the minute they arrive.

"With Hotel Granduca Austin I want to bring a unique, exclusive, residential style to the Austin hospitality market, " said Giorgio Borlenghi, President of Interfin. "And, of course, it has to be Italian."

"We selected this location for the hotel just a few minutes from downtown, in the gorgeous, highly visible and accessible Westlake area, providing a unique oasis of sophistication and elegance, unlike any Austin hotel" said Alex Borlenghi, Vice President of Development for Interfin. "This will be a perfect destination for business and social guests, as well as corporate events and weddings."

The Hotel Granduca in Houston is a member of "The Leading Hotels of the World," a designation that will be sought for the Hotel Granduca Austin as well.

A highlight of the new property will be its stunning ballroom seating up to 220 guests making the hotel an ideal location for weddings. Additionally, numerous private conference rooms with state-of-the-art audio/visual equipment make the hotel the perfect spot for business meetings and corporate retreats.

Hotel Granduca Austin will also feature northern Italian cuisine similar to the Houston Hotel Granduca's award winning Ristorante Cavour - recently named the best Italian restaurant in Houston.

"Like our Houston location, it will be a private sanctuary for everyone from elite clientele and celebrities to business leaders whether they are visiting the restaurant and bar, utilizing our conference rooms and event spaces or enjoying a morning cappuccino overlooking the area vistas, said Giorgio Borlenghi.

About Interfin Companies LP

Founded in 1978 by Italian-born Giorgio Borlenghi, Interfin is a Houston based, diversified real estate company specializing in the development, construction and management of landmark residential and commercial real estate projects. Interfin is the developer of the Four-Leaf Towers in the Galleria and Post Oak area, as well as Four Oaks Place and Uptown Park among others.

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