BREAKING NEWS

Houston Design District Adds Modern Apartments

Green Builder: AI, Sustainability are the Future, Beazer CEO Says

Walmart’s ‘Store of The Future’ Prototype Opens in Houston

Toll Brothers debuts 55 and up community in Houston

What Led the ‘Joy Score’ in Home Remodeling?

Underpassage: The New Experiential Entry Portal Into Downtown

REALTY NEWS REPORT - Logo

Downtown Houston
RNR-RalphBivinsProject-Interviews
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Blackstone in Talks to Buy San Antonio Resort for $650 Million

by Realty News ReportJuly 11, 2018
Share0

SAN ANTONIO – (Realty News Report) – Blackstone has agreed to buy the 1,002-room JW Marriott San Antonio Hill Country Resort & Spa for $650 million, according to reports.

The seller, a partnership of Miller Global and Principal Real Estate Investors, is represented by Eastdil Secured.

The 644-acre resort, located about 17 miles north of downtown San Antonio near Highway 281, has two golf courses and a 7-acre water park.

San Antonio news reports differ in characterizing the status of the deal. But Blackstone is definitely in serious talks to acquire the property, one of the most profitable hospitality operations in the state.

The San Antonio hotel market is projected to have strong increases in RevPAR and occupancy rate this year, according to a CBRE report.

“By year-end 2018 in San Antonio, hotels are forecast to see a RevPAR increase of 4.2 percent. This is the result of an estimated minor increase in occupancy of 0.1 percent and a 4.1 percent gain in average daily room rates ,” CBRE said.

“San Antonio’s hotel market continues to be in balance,” said Jeff Binford, Director of CBRE Hotels group. “Both the supply of new hotel rooms and the demand for those rooms are in equilibrium, resulting in one of the most stable hotel markets in the region.  The real opportunity for San Antonio hotels is increasing ADR to drive RevPAR.”

July 11, 2018 Realty News Report Copyright 2018
Share0
previous post
T-Mobile Leases Southwest Freeway Offices; Tower Being Renamed
next post
June 2018: The Strongest Month Ever for Home Sales in Houston

Related posts

Houston Design District Adds Modern Apartments

Realty News ReportMay 14, 2025May 14, 2025

Green Builder: AI, Sustainability are the Future, Beazer CEO Says

Realty News ReportMay 13, 2025

Walmart’s ‘Store of The Future’ Prototype Opens in Houston

Realty News ReportMay 11, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

CommGate
new version
ECD-RealtyNewsReport-Ad-300x250
Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
RNR Ad 030124
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
230725-RNR_Digital-Ad_Red
Hunington Ad

Let's Connect

logo
About US
Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact