Fortress Investment Group Provides $79 Million Construction Loan For Trestle Studio Hotel In San Antonio

The transaction involves a hotel asset located at 110 Lexington Avenue in the San Antonio market. The property encompasses a total square footage of 182,794 and features 315 keys. A construction loan amounting to $79,000,000 has been secured for this asset.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $79,000,000
• Address: 110 Lexington Avenue
• Market: San Antonio
• Square Footage: 182,794
• Keys: 315
• Lender: Fortress Investment Group
• Landlord: Trestle Studio
• Brokers: Jordan Ray, Steven Buchwald, James Matheny & Rachael Krawiecki - Institutional Property Advisors
• Loan Type: Construction

The key individuals involved in this transaction include brokers Jordan Ray, Steven Buchwald, James Matheny, and Rachael Krawiecki, all representing Institutional Property Advisors. They facilitated the loan process with Fortress Investment Group, which provided the construction financing for Trestle Studio as the landlord.