Best in Texas?: San Antonio Hyatt Regency Riverwalk sold by ALEX.realestate
George Arnold Alexander
ALEX.realestate, Director ALEX Intelligence, Associate Broker. LinkedIn Group Co-Manager "AI Innovators & Leaders". ALEX Artificial Intelligence and Generative AI Team Lead.
ALEX just published a summary of Connect CRE‘s “Sunstone Pays $230M for Riverwalk Hotel.” This is the largest hotel acquisition in Greater San Antonio so far in 2024.
Sunstone Hotel Investors bought Hyatt Regency San Antonio Riverwalk for $230 million. The 630-room hotel, situated between San Antonio’s Riverwalk and the Alamo, underwent a recent $37 million renovation. Hyatt will manage the property and contribute $8 million. The deal values the hotel at $352,000 per key with a favorable financial outlook.
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