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.
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.
