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Sunstone Hotel Investors to acquire Hyatt Regency San Antonio Riverwalk
Transactions - APRIL 11, 2024

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Sunstone Hotel Investors to acquire Hyatt Regency San Antonio Riverwalk

by RELEASED

Sunstone Hotel Investors announced that it has entered into a definitive agreement with an affiliate of Hyatt Hotels Corporation to acquire the fee-simple interest in the 630-room Hyatt Regency San Antonio Riverwalk.

The hotel is located directly between San Antonio's famous Riverwalk and the Alamo. The acquisition includes nearly two acres of riverfront land and a 516-space parking garage, located adjacent to the Alamo Visitor Center and Museum, which is currently under development.

The hotel recently underwent a comprehensive $37 million guestroom renovation and does not have any meaningful required near-term capital needs. Sunstone is acquiring the hotel for a gross purchase price of $230 million. Hyatt will continue to manage the hotel under the Hyatt Regency brand and will contribute approximately $8 million of key money as part of the transaction, subject to the terms of the company's management agreement with Hyatt.

Inclusive of the incentives offered by

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