San Antonio: Linchris Hotel Corp. lands on Hyatt Place runwaySan Antonio: Linchris Hotel Corp. lands on Hyatt Place runwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=108072015-10-14T05:00:00Z2015-10-14T16:00:00Z

​SAN ANTONIO - A Massachusetts-based hospitality group is diving into the Texas market after acquiring a three-property hotel portfolio, which includes the Hyatt Place San Antonio Airport.

Hotel acquisitions throughout the city have been ramping up over the year, and for Linchris Hotel Corporation's latest purchase, it will serve as an entry point into San Antonio.

Along with the 128-unit airport hotel, the portfolio included two other Hyatt Place-branded properties in Austin and Grand Prairie, Texas.

According to Real Capital Analytics, the San Antonio hotel at 7615 Jones Maltsberger Rd. is worth an estimated $12 million, and along with the 128-room Hyatt Place Austin Arboretum and the 135-room Hyatt Place Dallas/North Arlington/Grand Prairie, all three properties are valued at a collective $48 million.
San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/10/12/investment-activity-among-san-antonio-hotels-heats.html?Read more at the {Source}

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