Three's a crowd! Silverwest snaps up San Antonio hotelsThree's a crowd! Silverwest snaps up San Antonio hotelshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=8142015-06-08T10:26:00Z2015-06-08T10:00:00Z

SAN ANTONIO - The mentality within the San Antonio hotel market this year will be if you cannot build them, buy them.

Such is the case for Silverwest Hotels LLC, a Kansas City-based joint venture that purchased three San Antonio hotels from Barshop & Oles for an undisclosed price.

The venture narrowed in on the city's highest growth regions for the purchase. The hotels all sit along major thoroughfares such as I-35, Loop 1604 and US 281.

Silverwest purchased Hampton Inn and Suites San Antonio/Schertz, Fairfield Inn and Suites San Antonio NE/Schertz and Hampton Inn San Antonio/Northwoods.

While costs were not immediately available, Silverwest Hotels co-founder and Chief Operating Officer Charles Peck said the company is planning to update all three properties within the next year to "bring them current with today's franchise standards."

Hotel development activity will be ramping up over the next 24 months including:

  • a 21-story, 250-room AC by Marriott hotel proposed for downtown;
  • construction for an Embassy Suites at Brooks City Base set to begin any day now; and
  • a Water Walk Hotel at 5423 N Loop 1604 W that will turn dirt within the next couple of months.

Read more at the San Antonio Business Journal.

San Antonio Business Journal
San Antonio-New Braunfels
http://www.bizjournals.com/sanantonio/news/2015/06/05/silverwest-hotels-snaps-up-three-san-antonio.htmlRead more at {Source}

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