Southern Realty Trust (SRT) announced that it originated along with Sunrise Realty Trust agenting a senior loan in the aggregate amount of $42 million for the refinancing of the Thompson San Antonio Hotel. The sponsor is DC Partners, a Houston-based real estate development and investment firm specializing in luxury high-rise residential, mixed-use and hospitality projects. This marks the second transaction that SRT has completed with DC Partners.
The Thompson San Antonio Hotel, located at 115 Lexington Ave. in San Antonio’s Art District, is part of a 20-story mixed-use development completed in 2020. The project overlooks the San Antonio Riverwalk and is near attractions such as the Tobin Center for the Performing Arts. Spanning almost 140,000 square feet, the project features 162 luxury hotel rooms and offers a range of amenities including two restaurants, a full-service spa, a gym and 5,000 square feet of conference facilities.
SRT holds $14.7 million of the deal, w
