Hilton Garden Inn San Antonio – 117 Rooms
Hilton Garden Inn San Antonio – 117 Rooms

Major Renovation

Rationale

  • Disciplined Acquisition
  • Margin Improvement
  • Cost-Effective (Re-) Development
  • Brand Relationship
  • Purchased a 125-room Clarion Hotel for approximately $32,000 per key at the San Antonio International Airport
  • Through our strong relationship with Hilton Hotels, a Hilton brand was acquired for this market
  • Hotel underwent a 12-month full renovation of all guest and public areas
  • The Hotel was awarded the Hilton Garden Inn “Conversion of the Year” Award in 2007
  • Under Baywood management, post renovation sales were increased from $1,550,000 to $3,300,00, an increase of 300%
  • Simultaneously RevPAR increased from $34 to $50.40, an increase of over 48%
  • Value of the asset – post renovation – increased by 75%
  • Sold to RLJ Investments in June 2007
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