We got this place for a bachelor party weekend. For anyone that's in their early 20s with a moderately sized group (7-8) this would probably be the perfect spot. Unfortunately, we were a group of 13 guys in our 30s, so we may have had different expectations for this 'swanky townhouse'. On the positive side, there's a roof deck and a big common area for everyone to hang out. The negative is that there are only three rooms for people to sleep in - this means that if you have more than 6 people staying here, you end up having a LOT of folks stuck in a single room. That's what happened to us and it definitely ruffled some feathers given the amount we were paying for the weekend.
On the positive side, this is right by the highway that separates E. 6th from dirty 6th, so you're walking distance from two hotspots in the Austin nightlife. Even better, there's a liquor store that's less than a block away, so you can constantly restock on the essentials.