Omni sells Colonnade hotel in Northwest San Antonio and four other properties
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Omni Hotels & Resorts recently sold the Omni San Antonio Hotel at the Colonnade, a 326-room hotel in northwest San Antonio.Google
Omni Hotels & Resorts recently sold its hotel in Northwest San Antonio, one of five properties it put on the market last summer.
LR SATX LLC bought the Omni San Antonio Hotel at the Colonnade on Friday from an affiliate of billionaire Robert Rowling’s TRT Holdings, which owns Omni Hotels & Resorts, property records show.
Dallas-based Omni Hotels & Resorts declined to disclose details of the transaction. But the 326-room hotel at 9821 Colonnade Blvd. was assessed at $35 million last year by the Bexar Appraisal District.
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San Antonio hotels saw revenue drop nearly 50% in 2020
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A virtually empty Alamo Street near the Torch of Friendship and the Hilton Palacio Del Rio hotel is seen in a Thursday, April 23, 2020 aerial photo. The Tower of the Americas is seen in the left background. A report released Friday, Feb. 2, 2021, found that San Antonio-area hotel revenue fell nearly 50 percent last year from 2019.William Luther /Staff
Hotel revenue in San Antonio plummeted by nearly 50 percent in 2020 from the year before as travel restrictions brought on by COVID-19 roiled the hospitality industry, according to a report released Friday.
Area hotels took in $715.5 million in revenue, down from $1.4 billion in 2019. That’s an “unprecedented drop,” said Paul Vaughn, senior vice president of Source Strategies, the San Antonio-based hotel consulting firm that issued the report.
Posted By Sanford Nowlin on Wed, Jan 27, 2021 at 9:11 AM click to enlarge Courtesy Photo / Grand Hyatt Roughly 70% of the Grand Hyatt’s room revenue comes from conventioneers, according to Moody’s Investors Service. When the pandemic began siphoning off River Walk tourism early last spring, Oscar Noin thought he was seeing a repeat of the downturn he’d ridden out after 9/11. Noin, the head server at the Esquire Tavern, spent most of his adult life working in San Antonio’s hospitality sector and thought he knew what to brace for. Then, his restaurant closed the day after Mother’s Day, only reopening again for full service in November.
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New San Antonio luxury hotel to open in January; it s the city s first in more than five years
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The exterior of the Hotel Thompson San Antonio rises above the River Walk as seen from the Tobin Center. The Hyatt property will features 162 rooms and 33 suites with various amenities including a pool on the fourth floor.Photos by Kin Man Hui / Staff photographerShow MoreShow Less
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One of 162 guest rooms shows off its trappings. The hotel building also houses 59 condominiums.Kin Man Hui / Staff photographerShow MoreShow Less
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Detail of a leather headboard and light fixture in one of 162 guest rooms. Interior designs include leather, wood and rustic metal accents unique to the San Antonio property. Early preview of the Thompson San Antonio hotel, a Hyatt property, in the heart of downtown San Antonio on Thursday, Nov. 5, 2020.Kin Man Hui, San Antonio Express-News / Staff photographerShow MoreShow Less
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