Holiday Inn Express Alamo/Riverwalk – 82 Rooms
Holiday Inn Express Alamo/Riverwalk – 82 Rooms

Major Renovation

Rationale

  • Disciplined Acquisition
  • Margin Improvement
  • Cost-Effective (Re-) Development
  • Brand Relationship
  • Acquired the historical 1878 Bexar County jail building; located approximately two blocks from the Alamo and Riverwalk and adjacent to Spanish Governor’s Palace.
  • Historical building underwent a comprehensive14-month renovation that transformed the asset into an award winning 82-room Holiday Inn Express.
  • Hotel building placed on National Register of Historical Places by United States Department of the Interior
  • Hotel exceeded budgeted revenues by over 40% in the first year after renovation
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