The city of Austin hopes to bring in more tourism dollars and create jobs with a new hospitality real estate deal in Southeast Austin.
The Austin City Council accepted a transfer of about 21 acres of land for the project. The council approved acquiring the piece of land at its meeting on Thursday.
The hand over gives the city ownership and means the city will be allowed to collect a portion of hotel occupancy taxes from the state of Texas. Hotel occupancy taxes, which come from additional charges tacked onto hotel bills, go toward efforts that promote tourism in Austin…