HFF closes sale of The St. Anthony Hotel in San Antonio, TX

DALLAS, TX – HFF announced today that it has closed the sale of The St. Anthony Hotel (top left photo) a 352-room, historic hotel in San Antonio, Texas.

HFF marketed the property on behalf of the seller.  San Antonio-based BC Lynd purchased the property for an undisclosed amount.

The St. Anthony Hotel is located at 300 East Travis Street at the intersection of Navarro Street in downtown San Antonio. 

The 10-story property offers 22 meeting rooms totaling more than 33,000 square feet and amenities include a full-service restaurant, two bar/lounge areas, 24-hour fitness center, business center and outdoor heated pool. 

Built in 1909, the property is set to undergo a significant renovation and will be re-branded as a Starwood Luxury Collection property.

The HFF team representing the seller was led by senior managing director Bill Stadler (middle right photo) and managing director John Bourret (lower left photo).

Contacts:

BILL STADLER                             

 HFF Senior Managing Director      

 (949) 253-8800                                 

bstadler@hfflp.com                          

JOHN BOURRET                          

HFF Managing Director                 

(214) 265-0880                              

jbourret@hfflp.com                        

MYRA MOREN

HFF Director, Marketing

(713) 852-3500

mmoren@hfflp.com

BC Lynd Hospitality Purchases St. Anthony Hotel in San Antonio, TX with Plans for $24 Million Renovation

 SAN ANTONIO, TX (May 21, 2012) – BC LYND Hospitality, a growing hospitality investment and management firm, has made its first major acquisition since it was founded earlier this year.  The company, a joint venture between LYND and BC Commercial Partners, LLC, has purchased the historic St. Anthony Hotel (top left photo)located in downtown San Antonio, Texas. 

BC LYND CEO Brandon Raney (middle right photo) said the joint venture is planning a $24 million renovation to restore the 103-year-old hotel and maintain the extraordinary architecture of the building, which is listed as a National Historic Landmark. 

 The hotel, located at 300 East Travis Street in downtown San Antonio, has the opportunity to serve business travelers, leisure travelers and local residents alike. 

BC LYND purchased the hotel for an undisclosed amount from the special servicing agency Berkadia after a competitive bidding process.

“After working with BC principals on unrelated business, we came to the conclusion that our talents combined make a great fit in the hotel space,” said LYND CEO Michael J. Lynd, Jr. (bottom right photo).

“We are excited that our first project is in our backyard, and that not only carries historic significance, but is also another key piece in transforming downtown San Antonio into an exciting destination.”

For more information, visit www.bclynd.com.

For a complete copy of the company’s news release, please contact:

Todd Templin

Boardroom Communications

954-370-8999 or 954-290-0810

ttemplin@boardroompr.com

 BC Lynd Contact:

Brandon S. Raney, CEO

210-798-8139

braney@bclynd.com