River Walk Hotel Sells for $40.5 Million
What happened
A River Walk hotel in San Antonio was auctioned for $40.5 million, signaling renewed investor interest in downtown hospitality assets.
Why it matters
The auction, held streetside, drew a crowd of onlookers and potential buyers. The winning bid came from an entity called Mission DG LLC. The hotel, located at 111 E. Crockett St., is a 12-story building with 99 rooms. It was formerly known as the Wyndham Riverwalk San Antonio. The sale suggests a potential rebound in San Antonio's hospitality sector. The pandemic significantly impacted downtown hotels, but this deal indicates renewed confidence. Mission DG LLC's plans for the property are not yet public. Further investment and renovation could enhance the hotel's appeal.
Key numbers
- A River Walk hotel in San Antonio was auctioned for $40.5 million, signaling renewed investor interest in downtown hospitality assets.
- Crockett St., is a 12-story building with 99 rooms.
What happens next
- Mission DG LLC's plans for the property are not yet public.
- Further investment and renovation could enhance the hotel's appeal.
Sources
Quick answers
What happened in River Walk Hotel Sells for $40.5 Million?
A River Walk hotel in San Antonio was auctioned for $40.5 million, signaling renewed investor interest in downtown hospitality assets.
Why does River Walk Hotel Sells for $40.5 Million matter?
The auction, held streetside, drew a crowd of onlookers and potential buyers. The winning bid came from an entity called Mission DG LLC. The hotel, located at 111 E. Crockett St., is a 12-story building with 99 rooms. It was formerly known as the Wyndham Riverwalk San Antonio. The sale suggests a potential rebound in San Antonio's hospitality sector. The pandemic significantly impacted downtown hotels, but this deal indicates renewed confidence. Mission DG LLC's plans for the property are not yet public. Further investment and renovation could enhance the hotel's appeal.
