River Walk hotel poised for $50 million transformation into luxury property

A longtime River Walk property is booking a total transformation at the hands of new owners. Announced June 10, the Wyndham San Antonio River Walk has been purchased by Scarlet Hotel Group in a joint venture with Trailbreak Partners, and a major makeover is planned. Now closed, the property will undergo a $50 million renovation and reopen in 2023 as San Antonio’s first InterContinental hotel. The forthcoming 4-star, luxury property will boast 390 guest rooms

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Scarlett Hotel Group & Trailbreak Partners Plan New InterContinental Hotel For San Antonio

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. Hotel Background and Future Plans Located on

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Chicago firm will spend $50 million turning Wyndham San Antonio Riverwalk into a luxury hotel

Another aging downtown hotel is about get a facelift. Chicago-based investors purchased the Wyndham San Antonio Riverwalk and plan to pump $50 million into transforming the 20-story property into a luxury InterContinental Hotel, the Express-News reports. The Wyndham ceased operation May 31, clearing the way for a top-to-bottom interior renovation of the 410-room hotel, according to the daily. Rob Sadoff, the Chicago-based principal of the Scarlett Hotel Group, told the Express-News the project is a joint venture with Trailbreak

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Ice Miller LLP features Scarlett Hotel Group on the Real Estate for Breakfast Podcast

In this episode of Real Estate for Breakfast, host Phillip Coover and Jay Augustyn of Ice Miller LLP are joined by Zio Pekovic and Rob Sadoff of Scarlett Hotel Group, a hotel owner and operator with offices in Chicago and Nashville, to discuss the hospitality industry and its challenges in the face of COVID-19. Despite these challenges, Scarlett Hotel Group maintains a growth mindset, exploring distressed investments and creditor advisory opportunities. Scarlett Hotel Group proactively and transparently implemented procedural

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The SpringHill Suites Gainesville Florida announces their partnership with Alachua County “Stay Safe” pledge

The Safe Stay pledge was created by Visit Gainesville, Alachua County in partnership with the Alachua County Hospitality Council. Currently, there are 28 hotels who have taken the pledge to keep their employees, residents, and visitors feel safe while staying in Gainesville. SpringHill Suites Gainesville is one of those hotels and they’re dedicated to that pledge from before you even walk through the doors. From contactless check-in, through the lobby and into guest rooms this

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President and CEO Ken Greene Will Leave AAHOA in February

ATLANTA—AAHOA announced that President and CEO Ken Greene will leave the organization in February to pursue another opportunity. The AAHOA Board of Directors will immediately begin its search for his replacement. Greene was brought on as interim president and CEO in June of 2021 and dropped the interim title in September. Greene is leaving AAHOA for another career opportunity with IBF Hospitality, headquartered in Dallas, Texas, and his last day at AAHOA will be February

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It’s a new year, so bring it on!

So, I’m sure your inbox—and maybe even your mailbox—was filled with messages of cheer and wishes for happy holidays and a wonderful and healthy new year. My email was full with end-of-the-year well-wishes—and I even received a few handwritten cards, which I always love. Among the many that crossed my desk in one form or another, I must say, one really stood out and, more than that, stayed with me. And that’s why I’m sharing

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HB Exclusive: PM merges with Modus

PM Hotel Group has revealed it has merged with Modus Hotels, and Hotel Business has learned exclusively that it will create a lifestyle division—Modus Hotels by PM Hotel Group. “We will put our independent and lifestyle hotels into that new division,” Joseph Bojanowski, president, PM Hotel Group, told Hotel Business in our January cover story. “It will provide another platform, not only for growth for PM, but for our associates who enjoy being in that

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Hot Off The Press – January 2022

Welcome to the newly redesigned Hotel Business, celebrating its 30th anniversary this year. Christina Trauthwein, VP, content and creative, shares some highlights of the issue, including a cover story on PM Hotel Group, another on Yotel, and also a story on Delos suites at Mélia’s Orlando location. In addition, the Hotel Business 2022 Industry Outlook reports on the data every hotelier needs to know. The post Hot Off The Press – January 2022 appeared first

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PM Hotel Group Merges With Modus Hotels

CHEVY CHASE, Maryland—PM Hotel Group announced its merger with Modus Hotels. The company’s lifestyle portfolio will combine Modus’ operational efficiency and lifestyle properties with PM Hotel Group. Together, the companies will deliver hospitality experiences for guests while driving performance and maximizing profitability for owners. “Our approach and values have been aligned with Modus’ for years. The opportunity now to join together to harness our combined talent, teamwork, and expertise position us to scale while raising

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Accor plots 2022 growth

Accor has revealed some of its newest properties and upcoming destinations for 2022. Many destinations—including London, Doha and Moscow—will welcome multiple new Accor hotels this year, while several Accor brands have sought out new locations, such as Pangkalan Bun in Indonesia; Copenhagen, Denmark; and Casco Viejo in Panama City. “Accor is a strong believer in the power of diversity—in our workforce, our client base and our brands,” said Sébastien Bazin, chairman/CEO, Accor. “We continuously introduce

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