Weekly wrap: This week's top business news
San Antonio Business Journal
The San Antonio region's source for local business news & events. Part of the American City Business Journals network.
This week, San Antonio Business Journal reporters shared details on a $58M Residence Inn by Marriott; analyzed data on home starts in New Braunfels; and explained how Schlitterbahn's parent company is preparing for its merger with Six Flags. Read about these stories and more, right here!
Hotel hot spot
Austin-based Merritt Development Group and Georgia-based Peachtree Group are planning a $58 million Residence Inn by Marriott for 100 N. Main Ave. downtown. In a recent article. commercial real estate reporter James McCandless provides details on the planned project. Read all about it, here.
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Stalled starts
New Braunfels, one of the hottest housing markets in the country, has seen a dramatic decline in new homebuilding efforts over the last year, reveals residential real estate reporter Ramzi Abou Ghalioum in one of his latest stories. In this story, he examines data from Zonda that shows a 40% decline in new home starts across the San Antonio-New Braunfels metro. Read more, here.
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Merger moves
Cedar Fair isn’t waiting on the closing of its merger with Six Flags Entertainment Corp. to make significant changes to its leadership team, according to senior reporter W. Scott Bailey's article this week. The Ohio-based theme park operator, whose portfolio includes Schlitterbahn parks in New Braunfels and Galveston, has altered its C-suite lineup. Find out how, here.
Winter weather prep
CPS Energy is ready for winter, its leaders said at a press briefing Dec. 14. Following grid failure during Winter Storm Uri in 2021, which left so many local residents without power for days, CPS Energy has been pumping up its power reserves and weatherizing equipment, and President and CEO Rudy Garza, along with other leaders of the utility, says San Antonio is prepared, energy reporter Zoe Gottlieb explains in her recent article. Read more, here.
Weekend wind-down
The weekend is upon us, and it's time to unwind. Finding a place to relax in San Antonio is super simple.
In his Restaurant Roundup, data and retail reporter Jalen Lopez always offers ample options for hungry diners seeking sustenance. This week, he shares details on a new Latin-inspired bar and eatery opening in Southtown today. The grand opening celebration for Diez Flores Bar extends to tomorrow. Read more about the opening and Whataburger's new Whatawings, right here.
Looking for a fun, educational outing with the kids? Check out the new Aerospace Adventure from Boeing at Port San Antonio. The 2,400-square-foot interactive exhibit allows visitors to design, build, modernize and take flight with hands-on activities showcasing the limitless possibilities of aerospace. It features multiple Boeing aircraft, including the C-17 Globemaster and Starliner space capsule, as well as the ecoDemonstrator flight simulator. Read more, here.