Ryman Hospitality Properties Acquires JW Marriott San Antonio Hill Country Resort & Spa For $800M

The JW Marriott San Antonio Hill Country Resort & Spa in Texas has been sold for a staggering $800 million. The buyer, Ryman Hospitality Properties, Inc, will be acquiring the property from Blackstone Real Estate Income Trust, Inc. This acquisition adds to Ryman's growing portfolio of group-oriented hotels and they plan to maintain the resort under the JW Marriott brand. The resort is located at 23808 Resort Parkway and sits on a vast 640-acre property in the San Antonio market. It features 1,002 keys and has a price per key of around $798,403.

Summary of transation details

• Property Type: Hotel
• Transaction Amount: $800,000,000
• Address: 23808 Resort Parkway - JW Marriott San Antonio Hill Country Resort & Spa
• Market: San Antonio
• Acres: 640

Mark Fioravanti, representing Ryman Hospitality Properties, Inc, was crucial in the deal as the buyer's representative. On the other side, Nadeem Meghji served as the representative for Blackstone Real Estate Income Trust, Inc, in this transaction.