SAN ANTONIO – June 10, 2021 – Scarlett Hotel Group (SHG) announced today that the company has purchased the former Wyndham San Antonio River Walk, located at 111 East Pecan Street in San Antonio, as part of a joint venture with Trailbreak Partners. The new owners have closed the property to begin implementing plans for a $50 million overhaul of the hotel which will be transformed to a luxury, full-service, four-star, 390-room InterContinental hotel in early 2023.
“Turning this property into a luxury hotel is an amazing opportunity for us to contribute to the city of San Antonio,” said Zio Pekovic, principal and co-founder of SHG. “San Antonio has been ranked within the top three cities for conferences for many years,[i] and we’re proud to bring a luxury hotel brand like InterContinental into the central business district, minutes from the Henry B. González Convention Center.”
Jordan Scharg, principal at Trailbreak Partners agreed. “San Antonio continues to be a leading city for conferences. Meeting and conference planners looking at convention locations for 2023 and beyond will have a brand new, high-end lodging option in San Antonio right on the River Walk.”
“The InterContinental brand is recognized by travelers around the world for unparalleled luxury, sophistication and superior, personalized service and we are excited to partner with SHG and Trailbreak Partners to bring the brand to the San Antonio’s landmark River Walk,” said Julienne Smith, senior vice president of development, Americas, IHG.
Hotel Background and Future Plans
Located on the coveted San Antonio River Walk in the heart of downtown, the hotel originally opened as an office building in 1958. The 21-story structure sits adjacent to the Weston Centre, and includes a rooftop pool with downtown views as well as direct access to the River Walk and river taxi landing area.
The $50 million renovation will include 40,000 square feet of meeting space, enhanced food and beverage options, nearly 3,000 square feet of dining/restaurant space, and luxury rooftop amenities. The new hotel will be the only InterContinental hotel in San Antonio, catering to the city’s strong convention and business travel market, as well as expanding its presence in the high-end leisure market. With a legacy of luxury built over 75 years, the InterContinental® Hotels & Resorts brand makes travel alluring, each property connecting well-travelled guests to what’s special about a destination. Guests enjoy the brand’s signature VIP services through a dedicated InterContinental® Ambassador programme and an exclusive Club InterContinental® experience.
More information about the hotel’s development, architectural, and food and beverage plans will be available as work begins within the next several months. Inquiries about the hotel can be sent to [email protected].
