Winston Hospitality And Concord Hospitality Secure $59 Million Bridge Loan For AC Hotel San Antonio

The AC Hotel and Element San Antonio Riverwalk is a dual-branded hotel asset located at 111 Soledad Street in San Antonio, comprising 343 keys. The property was recently recapitalized with a bridge loan amounting to $59,000,000 provided by Peachtree Group. This three-year, floating-rate loan supports the operational financing needs of the hotel, which commenced operations in 2022.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $59,000,000
• Loan Type: Bridge
• Loan Terms: three-year, floating-rate
• Lender: Jared Schlosser - Peachtree Group
• Landlord: Bob Winston - Winston Hospitality
• Landlord: Mark Laport - Concord Hospitality Enterprises

Jared Schlosser represents Peachtree Group in this transaction, while Bob Winston and Mark Laport represent their respective companies, Winston Hospitality and Concord Hospitality Enterprises, for the deal concerning the AC Hotel and Element San Antonio Riverwalk.