HFF closes sale of 3-property select-service hotel portfolio in San Antonio, Texas
DALLAS, TX – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of a three-property, select-service hotel portfolio totaling 313 rooms in San Antonio, Texas.
HFF marketed the property on behalf of the seller, Barshop & Oles Company. Silverwest Hotels, LLC purchased the assets for an undisclosed amount unencumbered of management.
The hotels in the portfolio are: the 118-room Fairfield Inn & Suites San Antonio NE/Schertz, 5008 Corridor Loop in Schertz; the 98-room Hampton Inn & Suites San Antonio/Schertz, 17702 IH-35 North in Schertz; and the 97-room Hampton Inn San Antonio – Northwoods, 2127 Gold Canyon Drive in San Antonio. All of the select-service hotels, which opened between 2000 and 2009, feature a business center, fitness room, outdoor pool, complimentary breakfast and meeting space. All of the assets are located along major traffic arteries in the San Antonio/Austin corridor.
The HFF investment sales team representing the seller was led by managing director John Bourret and senior real estate analyst Austin Brooks.
About Barshop & Oles Company
Barshop & Oles Company is a privately-owned Texas-based full service commercial real estate development and management company. Since 1980, Barshop & Oles Company and its predecessors and affiliates have developed, owned and/or managed more than 5 million square feet of shopping centers, industrial and office properties, limited service hotels and several highly acclaimed master-planned mixed-use projects located in several major Texas markets. For more information, visit www.barshop-oles.com.
About Silverwest Hotels, LLC
Silverwest Hotels, LLC is a joint venture by Mariner Real Estate Management, LLC, based in Kansas City, Silverwest Hotel Partners, LLC and an affiliate of Global Endowment Management based in Charlotte, North Carolina. The Silverwest joint venture was founded in 2014 and brings together two experienced hospitality executives, Edward Mace and Charles Peck, with the institutional fund management platforms and expertise of Mariner Real Estate Management and Global Endowment.
HFF and HFFS (HFF Securities L.P.) are owned by HFF, Inc. (NYSE: HF). HFF operates out of 22 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF together with its affiliate HFFS offer clients a fully integrated national capital markets platform including debt placement, investment sales, equity placement, advisory services, loan sales and commercial loan servicing. For more information please visit hfflp.com or follow HFF on Twitter @HFF.
Holliday Fenoglio Fowler, L.P. acting by and through Holliday GP Corp, a Texas licensed real estate broker.