$4.8M key to Hawthorn Suites in San Antonio

SAN ANTONIO – Live Oak Apts. sold the 102-room Hawthorn Suites by Wyndham Northeast in San Antonio, TX to Jacobs Real Estate Advisors for slightly less than $4.8 million, or approximately $47,000 per key.

The 64,640-sf extended stay hotel was constructed in 1983 at 13101 E. Loop 1604 N. The seller put nearly $20,000 per key of renovation into the property in 2007.

It was sold at auction in October 2013 and closed with an extension in December 2013.

Read more at CoStar Group.