Stratus Properties Inc. engages in the acquisition, development, management, operation, and sale of commercial, hotel, entertainment, and multi-and single-family residential real estate properties primarily in Austin, Texas. It operates The W Austin Hotel & Residences project located on a two-acre city block in downtown Austin that comprises a 251-room luxury hotel; and 159 residential condominium units, as well as office, retail, and entertainment space. The company was founded in 1992 and is headquartered in Austin, Texas.