Hotels near Town Lake are always on sale with CheapOair. The Town Lake is now known as Lady Bird Lake which was created in 1960 by the construction of Longhorn Dam and is owned and operated by the City of Austin and the Lower Colorado River Authority. This place has amazing hiking opportunities and the hike and bike trail here is the most used trail in Austin. So, if you are looking for a place which is pleasant and serene then Lady Bird Lake may fit the bill. The path is also one of the oldest urban Texas hike and bike paths. Find great deals on cheap hotels near Town Lake, and count on CheapOair for all your travel booking needs!