The property, built in 2010, was purchased by Schreiner and Kwon Inc., based in Richland, Washington, from Stone Oak Hotel, LLC, based in Houston, Texas.
Stephen Wong, Principal of Stone Oak Hotel, LLC, commented, "James and the HVS team were diligent, responsive, and collaborative in guiding the transaction to a successful close. Their action-driven approach throughout the process added measurable value, and we would confidently recommend them to other hotel owners."
The property is located in the rapidly expanding Stone Oak submarket of San Antonio, strategically situated near a dense commercial development corridor, proximate to the U.S. Highway 281 and Loop 1604 interchange. As part of a 4,300-acre, master-planned community, Stone Oak is experiencing significant growth in both the commercial and residential sectors, driven by its proximity to major corporate demand generators such as Marathon Petroleum Corporation, Silotech Group Inc., Black Brush Oil & Gas, EOG Resources, Stakeholder Midstream, Millenium PetroCapital Corporation, Energy Transfer Partners LP, iHeartMedia (headquarters), and Methodist Hospital Stone Oak. Leisure demand generators include TPC San Antonio Golf Course, Six Flags Fiesta Texas, Seaworld San Antonio, University of Texas at San Antonio (UTSA), the San Antonio River Walk, and the Alamodome.
“The sale of the Holiday Inn San Antonio N - Stone Oak Area to an out-of-state investor completing a 1031 exchange reflects the continued strength of investor demand for well-positioned, branded hotel assets in high-growth Texas submarkets. Delivering the property with the PIP completed created a turnkey investment opportunity that aligned with the buyer’s goal of stability and long-term performance. We continue to see both exchange-driven and discretionary investors actively targeting similar opportunities across Texas,” said James Rebullida, Senior Vice President of HVS Brokerage & Advisory.
HVS Brokerage & Advisory team members Eric Guerrero, James Rebullida, Matthew Omansky, Fadi Rawashdeh, Kyle Peterek, and Daneen Godinet participated in this transaction.
About HVS Brokerage & Advisory
The Brokerage & Advisory division is a specialized group within HVS that offers services related to investment sales and capital markets, focused exclusively on the hospitality industry. With a global footprint and over 35 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want.Media Contact:
Lizzette Casarin
Senior Marketing Director
[email protected]
+1 (720) 244-7620