SAN ANTONIO – (Realty News Report) – Ohana Real Estate Investors, an investment firm focused exclusively on full-service hotels, acquired the La Cantera Resort & Spa, a 496-key resort located in San Antonio from USAA Real Estate.
Located at the highest elevation point in San Antonio on 550 acres, La Cantera Resort & Spa offers stunning views of the Texas Hill Country and is in close proximity to San Antonio attractions and culture. The original rustic, King Ranch-style interiors were refreshed in 2015 with extensive multi-million-dollar renovations to recast the resort with a contemporary Texas feel.
La Cantera’s Two Golf Courses
“USAA Real Estate established the resort as a top destination in Texas and North America, and we look forward to continuing that success under our ownership.” said Franco Famularo, Chief Investment Officer at Ohana, which is based in Redwood City, Calif.
La Cantera offers a variety of amenities for guests, including two championship golf courses; 12 dining venues including Signature, Inspired by acclaimed Chef Andrew Weissman; Loma de Vida Spa & Wellness – a 25,000-square-foot spa; six pools with private cabañas; and 34 villas nestled among the property’s tree groves.
Stroll Amongst the Mesquites
Guests can enjoy walking trails among native oak, mesquite and pine trees punctuated by metal art installations made by local Texas artisans.
The Resort has been a part of USAA Real Estate’s portfolio and the cornerstone of the 1,700-acre La Cantera community since the firm developed it in 1999.
USAA Real Estate re-imagined and transformed the property in 2015/2016, enhancing all of the renowned amenities across the Resort’s 630 acres, including some of San Antonio’s finest dining and recreation venues, such as Signature Restaurant, Loma de Vida Spa, five pools and 36-holes of golf within the Resort Course and Palmer Course.
The recent repositioning and offerings have established La Cantera as a leading luxury resort in the region, still enjoying robust demand post-COVID. Hotels suffered during the pandemic.
“La Cantera Resort is and will always be special to USAA Real Estate because we developed and nurtured it for decades in our own backyard, giving it an unrivaled sense of place in our La Cantera master development,” stated USAA Real Estate President & CEO Len O’Donnell. “We took particular care to ensure that the new owners would be the ideal stewards of the property, and as such, we could not be more pleased to have concluded this transaction with Ohana.”
June 15, 2021 Realty News Report Copyright 2021
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File: La Cantera Resort Sold
File: USAA Real Estate. La Cantera Resort Sold to Ohana Real Estate Investors
the high 1,000,000.00.