River Walk hotel sold for $40.5M at auction
What happened
A River Walk hotel changed hands for $40.5 million at a street-side auction, reflecting strong demand for downtown San Antonio real estate.
Why it matters
The Hotel Indigo Riverwalk, located at 123 Losoya St., was sold to an undisclosed buyer. The auction took place on the steps of the Bexar County Courthouse. The sale included the 149-room hotel and an adjacent parking lot. The auction was conducted by a trustee on behalf of the lender, suggesting a possible foreclosure situation. Increased demand for downtown San Antonio real estate and hotels is likely a factor in the high sale price. This sale could spur additional investment and development in the River Walk area.
Key numbers
- A River Walk hotel changed hands for $40.5 million at a street-side auction, reflecting strong demand for downtown San Antonio real estate.
- The Hotel Indigo Riverwalk, located at 123 Losoya St., was sold to an undisclosed buyer.
- The sale included the 149-room hotel and an adjacent parking lot.
What happens next
- This sale could spur additional investment and development in the River Walk area.
Sources
Quick answers
What happened in River Walk hotel sold for $40.5M at auction?
A River Walk hotel changed hands for $40.5 million at a street-side auction, reflecting strong demand for downtown San Antonio real estate.
Why does River Walk hotel sold for $40.5M at auction matter?
The Hotel Indigo Riverwalk, located at 123 Losoya St., was sold to an undisclosed buyer. The auction took place on the steps of the Bexar County Courthouse. The sale included the 149-room hotel and an adjacent parking lot. The auction was conducted by a trustee on behalf of the lender, suggesting a possible foreclosure situation. Increased demand for downtown San Antonio real estate and hotels is likely a factor in the high sale price. This sale could spur additional investment and development in the River Walk area.
