Scarlett Hotel Group Acquires Wyndham San Antonio River Walk in Joint Venture With Trailbreak Partners

Scarlett Hotel Group | June 10, 2021

SAN ANTONIO - June 10, 2021 - Scarlett Hotel Group (SHG) announced today that the company has purchased the former Wyndham San Antonio River Walk, located at 111 East Pecan Street in San Antonio, as part of a joint venture with Trailbreak Partners. The new owners have closed the property to begin implementing plans for a $50 million overhaul of the hotel which will be transformed to a luxury, full-service, four-star, 390-room InterContinental hotel in early 2023. "Turning this property into a luxury hotel is an amazing opportunity for us to contribute to the city of San Antonio," said Zio Pekovic, principal and co-founder of SHG. "Sa...