The La Cantera Resort & Spa, located at 16641 La Cantera Parkway in San Antonio, is undergoing a significant refinancing process. The property, boasting 496 keys, is owned by Franco Famularo's Ohana Real Estate Investors and Stuart Shiff's DivcoWest. The $240 million loan, secured for this hotel asset, is set to close on April 24 and is backed by a joint venture of German American Capital, Wells Fargo, Ohana Real Estate Investors, and DivcoWest. The resort has shown improved revenue performance since its 2021 acquisition and is strategically positioned near the Spurs' new practice facility.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $240,000,000
• Address: 16641 La Cantera Parkway - La Cantera Resort & Spa
• Market: San Antonio

The key individuals driving this deal include Franco Famularo from Ohana Real Estate Investors and Stuart Shiff from DivcoWest. The lenders, German American Capital and Wells Fargo, are playing a crucial role in facilitating this refinancing. With plans for further development in the La Cantera region, this transaction positions San Antonio as a leading city in terms of hotel occupancy rates within Texas.