A California company is buying the Hyatt Regency San Antonio Riverwalk from Hyatt Hotels Corp. for $230 million. Aliso Viejo-based Sunstone Hotel Investors Inc. said it has an agreement with Chicago-based Hyatt to buy the 630-room hotel at 123 Losoya St. in a deal that also includes nearly 2 acres along the river and a 516-space parking garage next to the Alamo Visitor Center and Museum that is being developed. The guest rooms at the Hyatt Regency recently underwent a $37 million renovation.
Our premiere location allows the hotel to benefit from an attractive combination of group and transient demand in a market that continues to experience positive demographic shifts, increasing hotel demand, and a business-friendly backdrop,” Sunstone CEO Bryan Giglia said in a statement. Sunstone owns 14 hotels in Florida; California; Hawaii; Washington, D.C.