Hyatt buys Bastrops’ Lost Pines Resort for $143M

BASTROP – Hyatt Hotels Corp. has assumed full ownership of the 491-room Hyatt Regency Lost Pines Resort and Spa between Austin and Bastrop.

A Hyatt affiliate has acquired its partner’s 92 percent interest in the property for approximately $143 million and assumed $65 million in property-level debt, bringing the total price to approximately $203 million, or roughly $450,000 per key.

The resort features more than 60,000 sf of indoor meeting space and over 240,000 sf of outdoor function space with pavilions and an amphitheater, as well as the Wolfdancer Golf Club, Spa Django, Crooked River Water Park and the Renegade Trailhead equestrian facility.

The resort, which opened in 2006, was developed by Woodbine Development Corp. of Dallas. Hyatt was one of the original co-owners and has managed the resort since its opening.