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GrayStreet proposes 20-story hotel and office tower next to the Pearl

Courtesy GrayStreet Partners

Courtesy GrayStreet Partners

Downtown developer GrayStreet Partners has proposed a 20-story hotel and office tower on Broadway that would exceed zoning regulations intended to protect the San Antonio River and would tower over nearby buildings at the Pearl. The 260-foot-tall tower at Broadway and Newell Avenue would be the tallest building along the booming lower Broadway corridor where developers are planning to construct several large-scale projects as the city rehabilitates the thoroughfare with $42 million from a city $850 million bond program that voters approved last year.

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Plans for major Hemisfair development

Rendering of Hemisfair development

Rendering of Hemisfair development

Zachry Hospitality unveiled formal plans for its $200 million development called Hemisfair. The plans include a 200-room hotel spanning 14 floors, a 150,000-sf Class A office tower, and a market. All three projects have been designed as mixed-use developments that will incorporate public and retail space.   …Read Entire Post

New Hampton Inn Opens at Singing Hills

HamptonLogoSMCharles Leddy, CEO of Presidian Hotels & Resorts (“Presidian Hotels”) announced today the opening of Hampton Inn by Hilton Bulverde at 499 Singing Oaks, Spring Branch, Texas. The new hotel joins Hilton’s global brand of more than 2,200 Hampton Inn, Hampton Inn & Suites and Hampton by Hilton Hotels.

The four-story, 84-room Hampton Inn by Hilton hotel will be managed by Presidian Hotels and is part of Hampton’s fresh, new Forever Young design initiative, which features a modern guest space that is multi-functional, convenient and comfortable. …Read Entire Post

High-end, destination retail development planned for Hwy 281

Taking advantage of improved access along the highway, Rinco of Texas, Campestres Resorts and Gomez Vazquez International Architects are finalizing plans for a 37-acre destination retail development just south of Blanco along Highway 281. The four-phase project is slated to break ground in spring 2017. …Read Entire Post

New hotel checks into Singing Hills

New hotel planned for Singing HIls

New hotel planned for Singing HiIls

It has the retail, it is planning the multifamily, but the next step for the Singing Hills development in far North San Antonio is its own hotel.

Presidian Hotels & Resorts — a San Antonio-based hotel owner, operator and developer — has officially broken ground on a new 87-room Hampton Inn by Hilton hotel along with a 5,300-square-foot convention center with meeting, office and pre-function space. …Read Entire Post

Councilman expects big return from urban reinvestment

crocket ventures renduring

Crockett Urban Ventures plans for redevelopment on the river walk.

The San Antonio City Council’s decision to offer Crockett Urban Ventures up to $7.4 million in incentives for the redevelopment of two downtown buildings is expected to fetch San Antonio more than $105 million in economic impact.

Crockett Urban Ventures plans to transform a pair of River Walk sites — the Fish Market and Witte buildings — into a mixed-used development that will include a nearly 200-room hotel, residential units and retail space. The firm also plans to make improvements to the infrastructure around the under-utilized real estate. …Read Entire Post

After years of trying, Pearl’s Silver Ventures now owns the Fox Motel site

Fox Motel property adjacent to The Pearl

Fox Motel property adjacent to The Pearl

Silver Ventures recently acquired the site at 302 Newell Ave., commonly known as the Fox Motel.

According to county property records, Silver used its Broadway SA Investors Group limited liability company to make the purchase. The same LLC is also used for sites under Pearl’s purview such as 401 Pearl Pkwy., 1801 Broadway and 102 W. Grayson.  …Read Entire Post

Alamo City hotel sector posts double-digit revenue growth

The local hotel industry ended the second quarter of 2012 on a strong note, according to the latest analysis by San Antonio hospitality research firm Source Strategies Inc.

Over the 12 months ended June 30, 2012, hotel revenues for the San Antonio metro climbed 10.9 percent — to reach $276 million. The occupancy rate for the local hospitality sector stood at 66.6 percent — up from 59.6 percent the previous year.

The REVPAR (revenue per available room) for hotel chains operating in the San Antonio metro stood at $69.35 as of second-quarter 2012, up from REVPAR of $53.26 as of second quarter 2011.

Click to read entire article: Alamo City hotel sector posts double-digit revenue growth (San Antonio Business Journal, 9-21-12).

S.A. hotel room sales up in third quarter

The number of hotel room-nights sold in the San Antonio metropolitan area increased 6.4 percent in the third quarter over the same quarter last year, while rates gained 0.9 percent, causing revenues to rise by 7.2 percent to $266 million, according to a report released Monday. As net room supply increased by 2.7 percent, with 1,200 net additional rooms, average occupancy edged 2.2 percentage points higher, to 64.1 percent, according to the quarterly Source Strategies, Inc. Brand Report.

Click to read full story: S.A. hotel room sales up in the third quarter (San Antonio Express-News, 11-28-11)

New life for South Texas Building

South Texas Building

The historic South Texas Building, located at 603 Navarro, is being recycled.  Originally built in 1919, the twelve-story office building was renovated in 1981.  Since 2004, there have been a series of plans to convert the building into condos or hotel.  Finally, it looks as if the tired, old building will get some new life thanks to Baywood Hotels who purchased the building and plans to develop a Hilton Home 2 Suites hotel.   …Read Entire Post