The Plasencia Group Represents FelCor in Sale of Embassy Suites San Antonio - Northwest I-10 Hotel
July 1, 2015 11:19am
Tampa, Fla. (July 1, 2015) - The Plasencia Group is pleased to announce the sale of the Embassy Suites San Antonio - Northwest I-10 hotel, located in San Antonio, Texas. The firm represented FelCor Lodging Trust Incorporated (NYSE: FCH), the owner of the 216-room hotel. Hotel Capital, LLC, an Indiana-based real estate investment firm, acquired the property.
Robert Wiemer, Managing Director of The Plasencia Group, led the disposition team. Mr. Wiemer commented, "While all four major markets in Texas continue to perform well, the San Antonio market could likely outperform Houston, Dallas and Austin over the next three-year span. The purchaser was able to acquire a leading hotel in this city with a diverse and growing demand base and our client was able to sell an asset that no longer fell within its corporate strategy." The Plasencia Group has sold more than 100 hotels in Texas since it was founded in 1993.
The Embassy Suites benefits from its location in the northeast quadrant of the intersection of Interstate 10 and Loop 410, one of the highest traffic count intersections in the San Antonio metroplex. Demand for the hotel emanates from the South Texas Medical Center, just two miles away, that houses the region's largest concentration of medical treatment, research, education and related activity. Two of Texas' most popular tourist attractions, SeaWorld and Fiesta Texas, are just ten minutes away.
Tags: the plasencia group,
embassy suites san antonio,
felcor lodging trust
Contact: Jodie Orozco
The Plasencia Group Facilitates Sale of Hotel Indigo San Antonio-Riverwalk
RLJ Lodging Trust Completes Merger with FelCor Lodging Trust
RLJ Shareholders and FelCor Stockholders Approve Merger
Q2 2017 Financial Reports Round Up - Part 6: Felcor, HPT
FelCor Sells Royalton New York to Joint Venture Between Rockpoint Group and Highgate for $55 Million
FelCor Lodging Trust Sells 117-Room Morgans New York Hotel for $37 Million
Sale of Sheraton Metairie - New Orleans Hotel Facilitated by The Plasencia Group
Sale of Courtyard Fort Lauderdale Beach Led by The Plasencia Group
FelCor Reports Q1 2017 Net Loss of $42.2 Million Compared to $11.2 Million for the Same Period in 2016; RevPAR Down 1.3% for Quarter
The Plasencia Group Closes Sale of DoubleTree by Hilton Salt Lake City Airport Hotel
RLJ Lodging Trust and FelCor Lodging Trust Enter Definitive Merger Agreement in an All-Stock Transaction
Hilton Garden Inn Dallas/Richardson Transaction Led by The Plasencia Group
FelCor Lodging Trust Open to Cash Deal with Ashford Hospitality Trust
FelCor Lodging Trust Clarifies Background on Ashford Hospitality Trust Proposal
FelCor Reports Q4 2016 Net Loss of $6.2 Million versus $10.4 Million in Q4 2015; Same-Store RevPAR Decreased 2.0%
FelCor Lodging Trust Responds to Ashford Hospitality Trust’s Unsolicited Proposal
Ashford Hospitality Trust Proposes to Acquire FelCor Lodging Trust
FelCor Names Hospitality Industry Veteran Steven R. Goldman Chief Executive Officer
The Plasencia Group Advises on Cleveland Marriott Downtown at Key Center
The Plasencia Group Advises on Sale of Aloft Leawood-Overland Park
Please login or register to post a comment.