The Siegel Group Acquires San Antonio’s Former Budget Lodge Extended Stay Hotel for $3.3 Million

The Siegel Group Nevada, Inc. | August 30, 2017

LAS VEGAS — The Siegel Group Nevada, Inc., a real estate investment and management company founded by Stephen Siegel, announced today that it had purchased the former Budget Lodge Extended Stay Hotel for $3.30 million in San Antonio. The acquisition is characteristic of The Siegel Group's investment strategy, as the property presented a value-add opportunity resulting from issues of mismanagement and deferred maintenance at a price well below replacement cost. This acquisition increases the number of Siegel Suites® and Siegel Suites Select® properties throughout the southwestern United States to 42 and marks the second loc...