Wheelock Street Capital acquires Hotel Contessa in San Antonio


Wheelock Street Capital has acquired Hotel Contessa, a luxury hotel in San Antonio, Texas for an undisclosed price.

Hotel Contessa, which is a 12-story hotel with 265 rooms, is situated at 306 West Market Street.

Built in 2005, the luxury hotel has 10,000 square feet of function space, a rooftop pool, a full-service restaurant and bar, and a full-service spa.

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Wheelock Street Capital said that in the coming months, it intends to undertake a complete renovation of the ground floor restaurant and bar.

Presently, the luxury hotel in San Antonio operates independent of any national brand affiliation, while sustaining an outsized transient base in a premier drive-to leisure market.

Wheelock Street Capital acquires Hotel Contessa in San Antonio

Wheelock Street Capital acquires Hotel Contessa in San Antonio

HEI Hotels & Resorts, a US national hotel operator, will handle the management responsibilities of Hotel Contessa under the ownership of Wheelock Street Capital.

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The acquisition is the first hotel purchase for Wheelock Street Capital in the San Antonio market.

Tim Hodes – Principal and Director of Hotel Investments for Wheelock Street Capital said: “The property’s historically strong performance, superb location, and superior quality in a top leisure-driven market was a perfect match with our current acquisition criteria and provided us the conviction to execute during an uncertain time in the capital markets.

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“We look forward to achieving success at another quality asset with our partners at HEI.”

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