The Plasencia Group Represents FelCor in Sale of Embassy Suites San Antonio - Northwest I-10 Hotel
TAMPA, FL. July 2, 2015 - The Plasencia Group is pleased to announce the sale of the Embassy Suites San Antonio - Northwest I-10 hotel, located in San Antonio, Texas. The firm represented FelCor Lodging Trust Incorporated (NYSE: FCH), the owner of the 216-room hotel. Hotel Capital, LLC, an Indiana-based real estate investment firm, acquired the property.
Robert Wiemer, Managing Director of The Plasencia Group, led the disposition team. Mr. Wiemer commented, "While all four major markets in Texas continue to perform well, the San Antonio market could likely outperform Houston, Dallas and Austin over the next three-year span. The purchaser was able to acquire a leading hotel in this city with a diverse and growing demand base and our client was able to sell an asset that no longer fell within its corporate strategy." The Plasencia Group has sold more than 100 hotels in Texas since it was founded in 1993.
The Embassy Suites benefits from its location in the northeast quadrant of the intersection of Interstate 10 and Loop 410, one of the highest traffic count intersections in the San Antonio metroplex. Demand for the hotel emanates from the South Texas Medical Center, just two miles away, that houses the region's largest concentration of medical treatment, research, education and related activity. Two of Texas' most popular tourist attractions, SeaWorld and Fiesta Texas, are just ten minutes away.
About The Plasencia Group
The Plasencia Group is a multi-faceted, full-service hotel investment and consulting firm offering Transaction Services, Capital Markets, and Consulting & Advisory Services throughout North America. For more information, please visit www.tpghotels.com.
Contact:
Jodie Orozco
jorozco@tpghotels.com
(813) 932-1234
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 
