San Antonio hits a hotel boomSan Antonio hits a hotel boomhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=10132015-05-19T12:58:00Z2015-05-15T00:00:00Z

SAN ANTONIO - Hotel development in San Antonio isn't just for downtown, and based on a handful of upcoming projects, that has never been more evident until now.

The 115-suite Embassy Suites at Brooks City will begin construction in July, located along S. New Braunfels St. at the corner of SE Military Dr. It will boast 8.000 sf of event space, a full-service restaurant, banquet seating and boardrooms.

Construction on the six-acre site is expected to take a year and a half, with the hotel slated for a late 2016 opening. Construction is estimated to cost $25 million.

The Water Walk Hotel at 5423 N Loop 1604 W will begin within the next couple of months. It will be a pair of four-story buildings and will serve as an extended stay-type of facility.

Preliminary plans put it right beside the Alamo Ranch Marketplace, and the permit has listed Lee Hospitality LLC as the owner of the property.

New 1Q 2015 data at San Antonio Market Research.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/05/07/san-antonio-hits-a-hotel-boom.htmlRead more at {Source}

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