SAN ANTONIO - The 261-room Embassy Suites Hotel – San Antonio Airport is being sold for $29.5 million. The purchaser has paid a $500,000 non-refundable deposit toward the purchase price. The seller, FelCor Lodging Trust, expects to close the sale in March.
Zachry Hospitality, the buyer, is expanding its portfolio and plans to make substantial improvements to the property.
Zachry Hospitality will manage the Embassy Suites property, its third hotel acquisition to date. The company also owns the Hilton Palacio del Rio and Staybridge Suites Downtown hotels, as well as the historic Sunset Station entertainment complex.
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