River Walk hotel sells for $40.5M
What happened
A River Walk hotel fetched $40.5 million in a street-side auction, highlighting investor confidence in San Antonio's hospitality and tourism sector.
Why it matters
The Hotel Indigo Riverwalk, located at 123 Losoya St., was sold at auction on Tuesday. The buyer was not immediately identified. The auction occurred after the previous owner, HN Riverwalk, Ltd. defaulted on a loan. The lender, Miami-based LNR Partners, took control of the property and scheduled the auction. The sale underscores the ongoing recovery of San Antonio's tourism market. Despite broader economic uncertainties, investors are betting on the city's appeal as a leisure and business destination.
Key numbers
- A River Walk hotel fetched $40.5 million in a street-side auction, highlighting investor confidence in San Antonio's hospitality and tourism sector.
- The Hotel Indigo Riverwalk, located at 123 Losoya St., was sold at auction on Tuesday.
What happens next
- The lender, Miami-based LNR Partners, took control of the property and scheduled the auction.
Sources
Quick answers
What happened in River Walk hotel sells for $40.5M?
A River Walk hotel fetched $40.5 million in a street-side auction, highlighting investor confidence in San Antonio's hospitality and tourism sector.
Why does River Walk hotel sells for $40.5M matter?
The Hotel Indigo Riverwalk, located at 123 Losoya St., was sold at auction on Tuesday. The buyer was not immediately identified. The auction occurred after the previous owner, HN Riverwalk, Ltd. defaulted on a loan. The lender, Miami-based LNR Partners, took control of the property and scheduled the auction. The sale underscores the ongoing recovery of San Antonio's tourism market. Despite broader economic uncertainties, investors are betting on the city's appeal as a leisure and business destination.
