Richard Singleton Of Scenic Capital Advisors Acquires 367-Room Marriott Hotel In San Antonio For $36.8M

The asset involved in the transaction is a 367-room hotel located at 77 Northeast Loop 410 in San Antonio, TX. It was previously repositioned from a Holiday Inn through a renovation in 2019, costing approximately $36 million. The property was most recently appraised at $41.5 million.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $36.8 million
• Address: 77 Northeast Loop 410
• Market: San Antonio, TX
• Lender: Frost Bank
• Landlord: Richard Singleton - Scenic Capital Advisors
• Previous Owner: Bricton Group
• Appraised Value: $41.5 million

Richard Singleton represented Scenic Capital Advisors in the acquisition of the Marriott San Antonio Airport hotel, financed through a loan from Frost Bank. The investment emphasizes the strategic positioning of the hotel adjacent to the airport, catering to travel demands.