San Antonio’s most expensive property — the JW Marriott San Antonio Hill Country Resort & Spa — has a new owner.
The 644-acre property on San Antonio’s North Side — with 1,002 hotel rooms, a 7-acre water park called River Bluff, two 18-hole golf courses, a 45,000-square-foot clubhouse, two fitness centers, a high-end spa, 265,000 square feet of indoor and outdoor meeting space, and eight restaurants and bars — was bought by The Blackstone Group (NYSE: BX), a New York City-based multinational private equity firm, through an entity connected with its Blackstone Real Estate Advisors LP.
While the price was not disclosed, $405 million was borrowed from Citibank to finance the transaction, property records show. When the deal was first reported by the Business Journal in July, the purchase price was projected at about $650 million. The property was last assessed by the Bexar County Appraisal District for $263.5 million. It was sold by an entity connected to Denver-based Miller Global Properties.
SwiftLease is focused specifically on assisting our small business clients through the office space leasing process, which includes locating space, arranging tours, collaborating and advising on negotiations, and coordinating the lease and tenant improvement process. We currently service small businesses in the Texas markets of Houston, Dallas, San Antonio, and Austin. Best of all our service is free to you as we are paid a standard leasing commission by the Landlord once you sign a lease. We have a database of office space listings to assist our clients in finding the space that fits their needs the best. The available options for your business space include in the Texas markets we service of Houston, Dallas, San Antonio, and Austin are:
- High-rise office buildings
- Mid-rise offices buildings
- Space in office parks
- Medical offices
- Executive suites
- Co-Working offices
Don’t know how much space you need? SwiftLease will help you calculate your approximate square footage needs and find the perfect office space. Our clients range from artists, attorneys, consultants, dentists and doctors opening private practices, franchise owners from other markets, inventors, moving companies, manufacturing start-ups and many more. We realize that no two businesses are the same, so our agents work diligently to find an office space that works for each small business’ unique needs. We also pride ourselves on knowing the local market inside and out, and our professionals have expertise in a wide range of topics, including JW Marriott Blackstone Group Real Estate Transaction. Regardless of the type of business space, SwiftLease can help your business find a location that works best for you.
After contacting SwiftLease and you will be assigned your own dedicated agent. You will tell us about your small business, how much office space you need, your budget, when you want to move, and some other details. Within 24 hours we will send you a qualified list of buildings that meet your building and space criteria. SwiftLease agents are experts in JW Marriott Blackstone Group Real Estate Transaction. We will send you options that meet your criteria – space, budget, availability and location. Don’t delay, contact us today!