Sep 17, 2018
Not the last resort, but a big one bought
SAN ANTONIO – Blackstone has purchased The JW Marriott San Antonio Hill Country Resort & Spa.The 1,002-room resort and the adjacent TPC San Antonio golf course at 23808 Resort Pkwy. opened...
SAN ANTONIO – Blackstone has purchased The JW Marriott San Antonio Hill Country Resort & Spa.
The 1,002-room resort and the adjacent TPC San Antonio golf course at 23808 Resort Pkwy. opened in 2010 and cost over $600 million to build.
It includes two golf courses, spa, nine-acre water park, high-end restaurants, and nearly 270,000 sf of convention space.
In 2016, the hotel finished a $16 million expansion to its waterpark and meeting and event space. It finished an additional $500,000 worth of renovations in early 2018.
Blackstone borrowed $405 million to finance the transaction.
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