SAN ANTONIO, Jan. 9, 2024 - JLL's Hotels & Hospitality group announced today that it arranged the sale of the historic El Tropicano River Walk Hotel, the first purpose-built hotel located on San Antonio's famed River Walk.
JLL worked on behalf of the seller, El Tropicano Hotel LLC, and procured the buyers, Trestle Studios, Sopris Capital and The Town Lake Company.
Located in the heart of San Antonio's renowned River Walk district, this iconic property presents a unique investment opportunity in one of the fastest-growing cities in the United States. The 308-room hotel resides on a prime location in the north Riverwalk corridor. With over 400 feet of Riverwalk frontage, the hotel will serve as the social cornerstone in the burgeoning north Riverwalk district.
The JLL team was led by Vice Presidents Steve Leslie and Managing Director Chris Dewey.
JLL's Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group's 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
For more news, videos and research resources, please visit JLL's newsroom.
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Jones Lang LaSalle Inc. published this content on 09 January 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 January 2024 16:05:04 UTC.
