Cornhuskers harvest hotel in Downtown San Antonio for $17.5M

​​SAN ANTONIO - The SpringHill Suites Downtown has been bought for $17.5 million by Condor Hospitality Trust Inc., a real estate investment trust (REIT) based in Norfolk, Nebraska.

The 116-room hotel at 524 S. St. Mary’s St. was built in 1997 and renovated last year.​​

The four-story property spans more than an acre of prime urban real estate, especially considering it’s just one block west of Hemisfair’s recently opened Yanaguana Garden park.

Condor Hospitality Trust Inc. plans to focus on newer, higher-quality assets as it rebuilds its portfolio.

The $42.5 million hotel portfolio acquisition includes the 142-room Hotel Indigo Atlanta Airport in College Park, Georgia, and the 120-room Courtyard Jacksonville Flagler Center in Jacksonville, Florida.​