High-rise commercial buildings

Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Texas  + San Antonio  + Hospitality  | 
InterContinental Hotel

Scarlett Hotel Nabs Former Wyndham for Major Overhaul

Scarlett Hotel Group recently purchased the former Wyndham San Antonio River Walk, located at 111 East Pecan St. in San Antonio as part of a joint venture with Trailbreak Partners. The new owners have closed the property to begin implementing plans for a $50 million overhaul of the hotel. The property will be transformed to a full-service four-star 390-room InterContinental hotel in early 2023.

“San Antonio has been ranked within the top three cities for conferences for many years and we’re proud to bring a luxury hotel brand like InterContinental into the central business district, minutes from the Henry B. González Convention Center,” said Zio Pekovic, principal and co-founder of Scarlett Hotel Group.

Jordan Scharg, principal at Trailbreak Partners, says conferences are indeed a key part of the overall rebrand equation.

“Meeting and conference planners looking at convention locations for 2023 and beyond will have a brand new high-end lodging option in San Antonio right on the River Walk,” says Pekovic.

Connect

Inside The Story

Zio Pekovic

About Lisa Brown

Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM. In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.

  • ◦Sale/Acquisition
  • ◦Development