August 7, 2019
White Lodging and Partner REI Real Estate Services acquired the Marriott Plaza Hotel in downtown San Antonio for $34 million. The new owner struck the deal with Ashford Hospitality, and is planning an extensive renovation of the property at 555 S. Alamo St.
The six-acre hotel features courtyards, fountains and lush gardens, as well as a landscaped outdoor pool and 17,000 square feet of meeting space.
“We see San Antonio as a growing market for us, and this acquisition provides an array of value enhancement opportunities for guests, the community and our company,” said Deno Yiankes with White Lodging.
White Lodging owns and/or operates more than 10 other hotels in Texas – with several additional hotels currently under construction, including the 613-room Austin Marriott Downtown set to open in summer 2020. White Lodging will also operate the Canopy by Hilton San Antonio River Walk, which is currently under construction and anticipated to open in mid-2020.
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