Construction Has Begun on New San Antonio Microtel Inns & Suites
June 2, 2011 - Ted Torres, President of Caerus Hospitality Partners, operator and developer, today announced that a brand new 83-room Microtel Inns & Suites® hotel at 1605 W Loop 1604 S commenced construction in mid-April 2011. The hotel's majority owner is Longhorn Lodging Partners of Texas, and construction financing was provided by Dallas based Hall Structured Finance.
Located just two miles from SeaWorld of San Antonio, the new $7 million hotel is being built by March Construction of San Antonio, Texas and will consist of single/double rooms as well as suite accommodations. It is the closest budget/economy hotel to Seaworld of San Antonio and will provide the best price/value hotel option to future guests. Highlights and amenities of the new hotel will include HD flat panel TV's, signature DreamWell® bedding, beautifully appointed Cappuccino interior design scheme, and outdoor swimming pool and hot tub.
“We are excited to be expanding the Microtel Inns & Suites brand into the Westover Hills area of San Antonio, Texas and look forward to welcoming both business and leisure travelers when the hotel opens in Fall 2011”, said Mr. Torres.
Microtel Inns & Suites Franchising, a member of the Wyndham Hotel Group is a chain of new construction only, economy hotels featuring complimentary high-speed wireless Internet access, complimentary phone calls in the US, 32” flat screen televisions, and hot breakfast. The San Antonio property offers a swimming pool and hot tub, guest laundry, picnic facilities along with a complimentary daily manager's reception.
For the last nine years, J.D. Power and Associates has ranked the Microtel Inn & Suites brand highest in overall guest satisfaction in the economy lodging segment.
Reservations and information are available by calling (800) 771-7171, TDD (800) 824-2082 or (888) 304-6835 (Español) or by visiting www.microtelinn.com. Microtel Inns & Suites hotels are independently owned and operated under franchise agreements with Microtel Inns & Suites Franchising, a subsidiary of Wyndham Worldwide Corporation (NYSE: WYN).
Hall Structured Finance
Hall Structured Finance is an entrepreneurial private direct lender providing first lien, mezzanine and preferred equity financing for hotel, office, land, multifamily, and condominium projects. It also provides DIP financing for entities restructuring in bankruptcy and other special situation financing. For more information, visit www.hallstructuredfinance.com
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
