SAN ANTONIO—Zachry Hospitality signed an agreement to acquire the Embassy Suites San Antonio – International Airport, TX from FelCor Lodging Trust Incorporated. The purchase is expected to close during the first quarter of 2015. Zachry Hospitality will also manage the hotel’s operations, which is the third property added to the company’s portfolio.
The 261-room hotel is located adjacent to the San Antonio International Airport and 7.5 miles from downtown. “The San Antonio market is experiencing significant demand growth and will have more to come. As it stands, the Embassy Suites San Antonio – International Airport, TX is the market leader and enjoys an immense reputation,” stated Robert Thrailkill, VP of Zachry Hospitality. “We believe planned physical improvements to the property will position the hotel to capitalize on the market’s potential and continue as the leader for the foreseeable future.”
The company is currently planning a substantial investment in property enhancements.