JLL’s Hotels & Hospitality group represented El Tropicano Hotel LLC in the historic hotel sale
News release
09 January 2024
El Tropicano River Walk Hotel in San Antonio sells
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SAN ANTONIO, Jan. 9, 2024 – JLL’s Hotels & Hospitality group announced today that it arranged the sale of the historic El Tropicano River Walk Hotel, the first purpose-built hotel located on San Antonio’s famed River Walk.
JLL worked on behalf of the seller, El Tropicano Hotel LLC, and procured the buyers, Trestle Studios, Sopris Capital and The Town Lake Company.
Located in the heart of San Antonio's renowned River Walk district, this iconic property presents a unique investment opportunity in one of the fastest-growing cities in the United States. The 308-room hotel resides on a prime location in the north Riverwalk corridor. With over 400 feet of Riverwalk frontage, the hotel will serve as the social cornerstone in the burgeoning north Riverwalk district.
The JLL team was led by Vice Presidents Steve Leslie and Managing Director Chris Dewey.
JLL’s Hotels & Hospitality Group has completed more transactions than any other hotels and hospitality real estate advisor over the last five years, totalling $83 billion worldwide. The group’s 370-strong global team in over 20 countries also closed more than 7,350 advisory, valuation and asset management assignments. Our hotel valuation, brokerage, asset management and consultancy services have helped more hotel investors, owners and operators achieve high returns on their assets than any other real estate advisor in the world.
For more news, videos and research resources, please visit JLL’s newsroom.
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.