Hyatt Regency San Antonio Riverwalk hotel purchased by California group

The downtown hotel that’s served for decades as a gateway to the San Antonio River Walk has changed hands and is now owned by an investment firm from Aliso Viejo, California.

Sunstone Hotel Investors Inc. completed its $230 million purchase of the Hyatt Regency San Antonio Riverwalk hotel from Hyatt, according to the publicly traded company’s first quarter earnings release this week.

Sunstone used proceeds from the October 2023 sale of the historic Boston Park Plaza hotel in that city’s theater district to buy the San Antonio property. The pending acquisition of the Hyatt was first announced by Sunstone in April.

The 630-room hotel was recently renovated at a price tag of $37 million. The hotel and the Paseo del Alamo, which connects Alamo Plaza to the River Walk beneath the Hyatt, were completed in 1981.

Subscribe to SA Current newsletters.

Follow us: Apple News | Google News | NewsBreak | Reddit | Instagram | Facebook | Twitter| Or sign up for our RSS Feed

Related Stories

Man with ‘Edgar’ haircut spotted swimming laps in San Antonio River

‘Now he got 20 arms and 10 legs,’ one person commented on the clip.

CBS Mornings sent lead national correspondent to San Antonio to dig up stories

David Begnaud did touristy stuff like visit the River Walk but also asked Alamo City residents to talk about their lives.

Developer plans 200-foot-high Ferris wheel in downtown San Antonio

Located two blocks from the Alamo, the Grandismo development will also include miniature golf, a carousel and a food hall.

Texas cinema chain Alamo Drafthouse acquired by Sony Pictures

Word of the buyout, which includes two San Antonio cinemas, comes a week after several North Texas locations unexpectedly closed.

San Antonio River Walk resort Club Wyndham La Cascada plans $4 million renovation

The full renovation of the condominium resort will include bathrooms, kitchens, carpet, fixtures and more.

This article appears in May 1-14, 2024.