AUSTIN, Texas—Hunter Advisors introduced the sale of the Aloft San Antonio Airport, a Marriott-branded, select-service resort situated in San Antonio, Texas. The client was Armada Investments LP, and the transaction was led by Kami Burnette, senior vp, and Mason McDavid, vp, at Hunter Advisors.
The Aloft San Antonio Airport contains 141 guestrooms and was in-built 2009. Located close to San Antonio Worldwide Airport, the property is positioned to seize demand pushed by ongoing infrastructure funding, together with the airport’s deliberate $2.5 billion growth.
“This transaction displays continued investor demand for property priced at a beautiful foundation in high-growth Texas markets,” stated Kami Burnette, senior vp at Hunter Advisors.
The brand new proprietor plans to finish the Marriott-required PIP to extend share inside the comp set and implement operational methods to enhance margins.
“We’re happy to ship a profitable final result for the vendor and look ahead to the client executing on the subsequent part of progress for the asset,” stated Mason McDavid, vp at Hunter Advisors.
