Stratus Properties Inc. Reports First-Quarter 2011 Results and Updates W Austin Hotel & Residences Activities (United States)
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Stratus Properties Inc. Reports First-Quarter 2011 Results and Updates W Austin Hotel & Residences Activities (United States)
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Category: North America & West Indies / Carribean islands - United States - Industry economy
- Figures / Studies
This is a press release selected by our editorial committee and published online for free on 2011-05-17
Stratus Properties Inc. (NASDAQ: STRS):
HIGHLIGHTS
The hotel at the W Austin Hotel & Residences project opened in December 2010, delivery of the first condominium residences began in January 2011 and the music and entertainment venue, Austin City Limits Live at the Moody Theater, opened in February 2011.
At March 31, 2011, Stratus had $5.8 million of available cash and cash equivalents, excluding $5.0 million associated with the W Austin Hotel & Residences project and $7.4 million of availability under its credit facility.
For full press release, click below:
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