IHG Accommodations & Resorts (IHG) and Scarlett Lodge Group (SHG) introduced the onset of development of InterContinental San Antonio, a 391-room resort positioned on the celebrated San Antonio River Stroll at 111 East Pecan Avenue. Trailbreak Companions, an actual property funding and improvement agency based mostly in Denver, labored with SHG to safe the $158 million in financing that may fully rework the property into an opulent, first-class vacation spot serving guests to San Antonio in addition to the town’s strong enterprise and conference business.
Matt Frankiewicz, SVP, Growth, Americas for IHG Accommodations & Resorts, stated: “We’re delighted to reinforce our rising luxurious and way of life portfolio within the Americas with the addition of InterContinental San Antonio. InterContinental Accommodations & Resorts is the world’s first and largest worldwide luxurious resort model with 211 open properties and 93 within the world pipeline, and this property is an thrilling addition to the model portfolio. The energizing spirit of San Antonio coupled with the unmatched experiences, inspiring design and personalised service for which InterContinental Accommodations & Resorts is globally celebrated will undoubtedly create a memorable expertise for guests and locals alike.”
Zio Pekovic, Principal and Co-Founding father of SHG, stated: “It’s an honor to work with our companions at Trailbreak and IHG to carry a storied luxurious resort model like InterContinental Accommodations & Resorts to the town of San Antonio. We will’t look forward to the general public and conference planners to expertise the unimaginable area and facilities that this property will add to the neighborhood.”
Building is predicted to be full by late 2024.
Concerning the Property’s $158 Million Renovation
The construction for InterContinental San Antonio initially opened as an workplace constructing in 1958. Sitting adjoining to the Weston Centre within the coronary heart of San Antonio, the 21-story constructing includes a rooftop pool with downtown views in addition to direct entry to the River Stroll and river taxi touchdown space.
Following an entire transformation, InterContinental San Antonio will embrace 40,000 sq. ft of assembly area, world-class restaurant and bar experiences, and luxurious rooftop facilities. The resort represents the primary property for the InterContinental model in San Antonio, catering to the town’s sturdy conference and enterprise journey market, in addition to increasing the town’s presence within the high-end leisure market. IHG has the second largest luxurious and way of life portfolio within the hospitality business, with greater than 450 motels open globally throughout six distinct manufacturers, together with InterContinental Accommodations & Resorts.
Company will uncover touches of refined luxurious and a refined ambiance all through their expertise. Bespoke work, sculptures and furnishings will improve the foyer and visitor rooms. A brand new rooftop design will maximize the expansive and distinctive out of doors area, creating a sense of openness. Along with the out of doors pool, a number of ranges of eating and gathering areas will enable visitors to satisfy, eat and calm down.
An array of versatile indoor areas will enable for small teams and conferences to happen virtually wherever on the property. Co-working areas throughout the day can rework into personal eating areas at night time. Main glass exposures in assembly rooms will probably be constructed with electrochromic glass, also called good or dynamic glass, making it simple to regulate backlighting or maximize daylight for occasions and shows.