After more than 60 years on the Lake Travis shoreline, the 168-room Lakeway Resort & Spa is in for a full-scale transformation under new ownership. Trestle Studio, working with Sopris Capital, has agreed to buy the longtime lakeside hotel and is planning a comprehensive revamp of guest rooms, restaurants, bars, and the spa.
Buyer and renovation plans
As reported by CultureMap Austin, the plans were outlined in a press release that said Trestle Studio was drawn to the resort's tight relationship with Lake Travis and the surrounding community. The release states that the firm intends to refresh the property's design and upgrade its food-and-beverage outlets, along with meeting and event spaces.
Sale terms and timing
According to Ashford Hospitality Trust's SEC filing, the company entered into a definitive agreement on March 16, 2026, to sell the 168-room Lakeway Resort & Spa for $37.8 million. Ashford's investor release also notes a $500,000 nonrefundable deposit and says the pending sale was expected to be completed by May 2026, while cautioning that the closing remains subject to customary conditions.
Who is Trestle Studio
Trestle Studio describes itself as a boutique real estate investment and development firm focused on design-forward lifestyle hotels. Its projects page highlights properties such as LINE ATX and Sítio El Tropicano, signaling a playbook of repositioning older hotels into destination properties with a strong visual and experiential identity.
Partners and past Texas projects
Trestle has recently teamed up with Sopris Capital and local investors on major Texas hotel turnarounds. A prominent example is the El Tropicano River Walk hotel in San Antonio, which the partners bought and are rehabbing. Local reporting on that project shows the group pursuing full interior overhauls backed by sizeable construction financing, a pattern that could hint at the scale of work likely at Lakeway.
What the resort includes now
The property at Lakeway Resort & Spa traces its roots to the early 1960s and currently offers 168 rooms, two on-site restaurants and bars, a full-service spa and roughly 24,000 square feet of meeting space. Those amenities have long made it a popular regional spot for meetings and weddings, and both the hotel's website and Ashford's earlier materials point to its appeal as a lakeside conference and leisure destination.
Timeline and what comes next
Neither Trestle nor Sopris has released a public timeline for the renovation, and CultureMap noted that the initial press announcement did not include a construction schedule. Industry precedent suggests that the pace of the overhaul will depend heavily on permitting and financing. Ashford's filings show the transaction was underway as of mid March, and more detailed plans are likely to surface as local officials and the buyer's team move the project forward.
