MarketWatch -- The Doubletree(R) Austin-University Area is proud to announce the completion of a $5 million renovation that has reinvigorated guest rooms, meeting space, amenities and public spaces at their 149-room hotel. With a convenient location near the University of Texas at Austin, local sports venues and live entertainment in downtown Austin, business and leisure travelers alike can now enjoy a fresh, newly renovated, full-service hotel in Texas' state capital. Formerly a Doubletree Club hotel, the Doubletree Austin-University Area, operated by Pinnacle Hotels USA under a franchise license agreement with Hilton Hotels Corporation, has now transitioned to a full service Doubletree hotel that offers more amenities and services than ever before.