River Walk Hotel Sold at Auction
The Thompson San Antonio River Walk Hotel sold for $40.5 million in a street-side auction, signaling continued investor interest in San Antonio's hospitality sector.
The auction, held on a Tuesday, saw the 162-room hotel go to the highest bidder after a foreclosure. The hotel previously faced financial difficulties, having been placed into receivership in 2023 due to a loan default. The buyer was Houston-based DC Partners, who plan to maintain the Thompson flag. This suggests confidence in the brand's appeal within the San Antonio market.
