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    What San Antonio’s Hotel Boom Means For the City

    Hotel AtriumHotel development in San Antonio isn’t just for downtown, and based on a handful of upcoming projects, that has never been more evident until now.

    In addition to the 21-story, 250-room AC by Marriott hotel proposed for downtown, construction for an Embassy Suites at Brooks City Base as well as a Water Walk Hotel at 5423 N Loop 1604 W will begin within the next couple of months, bringing hotel tax dollars to two areas that have historically been passed over by the hospitality industry.

    The Embassy Suites, which will begin construction in July, will be located along S. New Braunfels St. at the corner of S.E. Military Drive. The 115-suite hotel will boast 8,000 square feet of event space, a full-service restaurant, banquet seating and board rooms spanning 6 acres of land. Construction is expected to take about a year and a half, with the hotel slated for a late 2016 opening. Construction is estimated to cost about $25 million.

    The hotel will be the only conference or event center south of downtown San Antonio and north of Corpus Christi or McAllen, which will undoubtedly be a significant draw for the area. Brooks City Base President and CEO Leo Gomez said the hotel will have the ability to “truly serve the entire region” and that “it will be an enormous asset to this growing community.”

    Also on the books is The Water Walk Hotel, a permit for which was filed earlier this morning. It will be a pair of four-story buildings and will serve as an extended stay-type of facility. Preliminary plans put it right beside the Alamo Ranch Marketplace, and the permit has listed Lee Hospitality LLC as the owner of the property.

    According to our sister paper in Wichita, Water Walk is a months-old concept that combines apartment living and an extended-stay hotel in one package. The concept is expected to launch nationwide over the next few years in 35 franchise sites in 20 cities. The San Antonio location, as well as ones in Tulsa and Louisville, will be the initial launch sites. The San Antonio location, construction for which will start in July, is expected to finish within a year and cost nearly $10.5 million.

     

    BY:  at the San Antonio Business Journal

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