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Texas  + San Antonio  + Hospitality  | 
San Antonio JW Marriott fetches $800M

Hill Country Resort Flips For $800M

Ryman Hospitality has purchased the JW Marriott San Antonio Hill Country Resort & Spa in San Antonio, Texas for $800 million from BREIT, Blackstone Real Estate Income Trust.

Located amid approximately 640 acres in the Texas Hill Country, the JW Marriott Hill Country, which opened in 2010, is a group-oriented resort with 1,002 rooms and 268,000 total square feet of indoor and outdoor meeting and event space. The resort’s amenities include the 26,000-square-foot Lantana Spa; eight food and beverage outlets; the 9-acre River Bluff water experience; and TPC San Antonio featuring two 18-hole golf courses, the Greg Norman-designed Oaks Course and the Pete Dye-designed Canyons course.

Blackstone’s Nadeem Meghji said the deal had a great result, “This sale, which generates approximately $275 million in profit over a five-year hold period through Covid, represents a terrific outcome for BREIT shareholders.” Ryman plans for the resort to continue to operate under the JW Marriott flag.


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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition