Highline Hospitality Partners Acquires Dual-Branded Marriott Hotel in San Antonio
Birmingham-based Highline Hospitality Partners (HHP) has acquired the dual-branded AC Hotel San Antonio Riverwalk and Element San Antonio Riverwalk, located along Texas' popular Riverwalk. The property was redeveloped from an office building into a hotel operating under two Marriott brands in 2022. The acquisition adds to HHP's expanding portfolio of hotels across the U.S., which now includes over 5,500 guest rooms and $1.7 billion in assets under management. The property features extended-stay Element accommodations on floors seven through twelve and AC hotel rooms from thirteen to twenty, along with dining options, meeting spaces, fitness facilities, and a business center. HHP's acquisition strategy focuses on value creation via operational improvements and strategic capital deployment. This deal follows recent purchases in Pennsylvania, Texas, and South Carolina as the firm continues its growth trajectory amid stabilizing debt markets.
Topics: acquisition hospitality Marriott