David Bone
Downtown San Antonio, TX: Building for the Future
David Bone | September 19, 2024
Downtown San Antonio boasts a diverse array of buildings built during multiple decades, as can be expected in a city that is more than 300 years old. These structures contribute to the city’s historical charm, and contemporary buildings were not prevalent in the past. However, spurred by the “Decade of Downtown” within the city’s SA2020 growth plan created in 2010, revitalization and new-build projects became more common in the years prior to the COVID-19 pandemic. The modernization was anchored by the 2019 opening of Frost Tower, the city’s first new high-rise since 1989. Since 2020, roughly 20 development projects, reportedly to...
Eagle Ford Shale: Recent Upticks in Production and Lodging Performance
David R. Bone | July 19, 2023
By David R. Bone The Eagle Ford Shale market has faced rising costs, a frenzy of mergers and acquisitions, and recessionary concerns since late 2022. Nevertheless, drilling activity within the area has become profitable again for most oil and gas operators and lodging properties that house oilfield workers. The number of drilling permits issued for the Eagle Ford Shale between 2017 and 2019 averaged approximately 2,150 per year. Following the effects of the COVID-19 pandemic, this number plummeted to under 1,000 by year-end 2020. Similar trends were noted at hotels within the Eagle Ford Shale, with RevPAR registering significant decli...
COVID-19’s Impact on the San Antonio Lodging Market
David Bone | April 8, 2021
By David Bone, Shannon Sampson Prior to the COVID-19 pandemic, Downtown San Antonio was enjoying a decade of revitalization and growth. The year 2020 was poised to be a banner year, spurred by the Henry B. Gonzalez Convention Center’s $325-million renovation and expansion, which was completed in January 2016. Data provided by the Texas Comptroller of Public Accounts indicate that hotel revenue across the San Antonio-New Braunfels MSA declined by roughly 53% in 2020. RevPAR for the MSA remained relatively stable in 2018 and 2019, before plummeting approximately $40 in 2020 to a historical low of $37. New hotel supply increased by alm...
