Scarlett Hotel Group (SHG) announced today that the company has purchased the former Wyndham San Antonio River Walk, located at 111 East Pecan Street in San Antonio, as part of a joint venture with Trailbreak Partners. The new owners have closed the property to begin implementing plans for a $50 million overhaul of the hotel which will be transformed to a luxury, full-service, four-star, 390-room InterContinental hotel in early 2023.
Hotel Background and Future Plans Located on the coveted San Antonio River Walk in the heart of downtown, the hotel originally opened as an office building in 1958. The 21-story structure sits adjacent to the Weston Centre, and includes a rooftop pool with downtown views as well as direct access to the River Walk and river taxi landing area.
The $50 million renovation will include 40,000 square feet of meeting space, enhanced food and beverage options, nearly 3,000 square feet of dining/restaurant space, and luxury rooftop amenities. The new hotel will be the only InterContinental hotel in San Antonio, catering to the city's strong convention and business travel market, as well as expanding its presence in the high-end leisure market. With a legacy of luxury built over 75 years, the InterContinental® Hotels & Resorts brand makes travel alluring, each property connecting well-travelled guests to what's special about a destination. Guests enjoy the brand's signature VIP services through a dedicated InterContinental® Ambassador programme and an exclusive Club InterContinental® experience.