Project · Austin, TX · Updated today
COTA Hotel (Rita / Gaylord luxury resort)
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Sourced from Austin meeting, Apr 23, 2026. ZoneWire tracks 81 projects in Austin, TX, updated within 24h of every meeting.
Where this stands
~$985 million luxury resort hotel; ~1,000 rooms; convention center, helipad, practice racetrack, golf course in critical water quality zone; ~900 permanent union jobs; projected over $10 billion economic benefit and over $600 million total property taxes over 30 years; hoping to open by October 2030 for Formula One race; 30-year Chapter 380 agreement rebating 75% of hotel occupancy tax. Luke Charlton, COO of Rita Development, also testified.
- Project
- COTA Hotel (Rita / Gaylord luxury resort)
- Asset class
- Commercial
- Developer
- Rita Development
- Location
- Circuit of the Americas, Del Valle, Austin
- Scale
- 1,000 rooms
- County
- Austin, TX
- Jurisdiction
- Austin
- Current status
- Under Review
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COTA Hotel (Rita / Gaylord luxury resort)
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