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All-Suite Hotel Trades Along San Antonio’s Riverwalk
Hodges Ward Elliott (HWE) arranged the sale of Hotel Contessa, a 265-key, all-suite luxury hotel asset located at 306 W. Market St. in San Antonio. Terms of the sale weren’t disclosed. The San Antonio Business Journal reported the buyer as Wheelock Street Capital.
An HWE team of managing director John Bourret, director Austin Brooks and associate David Auer represented ownership in the sale. Lawrence Britvan and Pete Fehlman, both HWE managing directors, advised the buyer on the financing structure for the acquisition as well.
“This was a rare opportunity to acquire an ideally located, all-suite, Riverwalk hotel with a consistent history of strong and efficient performance,” said Bourret. “Hotel Contessa is also currently operating independently of any hospitality brand, which offers the new owner additional flexibility in future branding and operations.”
He added that the HWE team “generated a number of offers on the asset from a variety of buyers.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
