Renovation to Encompass Sophisticated Rooms and Unparalleled Amenities
SAN ANTONIO, June 12, 2023 /PRNewswire-PRWeb/ -- Scarlett Hotel Group (SHG) and IHG Hotels & Resorts (IHG) are excited to announce the onset of construction of InterContinental San Antonio, a 391-room hotel located on the celebrated San Antonio River Walk at 111 East Pecan Street. Trailbreak Partners a real estate investment and development firm based in Denver, worked with SHG to secure the $158 million in financing that will completely transform the property into a luxurious, first-class destination serving visitors to San Antonio as well as the city's robust business and convention industry.
"It's an honor to work with our partners at Trailbreak and IHG to bring a storied luxury hotel brand like InterContinental Hotels & Resorts to the city of San Antonio," said Zio Pekovic, principal and co-founder of SHG. "We can't wait for the public and convention planners to experience the incredible space and amenities that this property will add to the community."
"We are delighted to enhance our growing luxury and lifestyle portfolio in the Americas with the addition of InterContinental San Antonio," said Matt Frankiewicz, SVP, Development, Americas for IHG Hotels & Resorts. "InterContinental Hotels & Resorts is the world's first and largest international luxury hotel brand with 211 open properties and 93 in the global pipeline, and this property is an exciting addition to the brand portfolio. The energizing spirit of San Antonio coupled with the unrivaled experiences, inspiring design and personalized service for which InterContinental Hotels & Resorts is globally celebrated will undoubtedly create a memorable experience for visitors and locals alike."
Construction is expected to be complete by late 2024.
About the Property's $158 Million Renovation
The structure for InterContinental San Antonio originally opened as an office building in 1958. Sitting adjacent to the Weston Centre in the heart of San Antonio, the 21-story building features a rooftop pool with downtown views as well as direct access to the River Walk and river taxi landing area.
Following a complete transformation, InterContinental San Antonio will include 40,000 square feet of meeting space, world-class restaurant and bar experiences, and luxury rooftop amenities. The hotel represents the first property for the InterContinental brand in San Antonio, catering to the city's strong convention and business travel market, as well as expanding the city's presence in the high-end leisure market. IHG has the second largest luxury and lifestyle portfolio in the hospitality industry, with more than 450 hotels open globally across six distinct brands, including InterContinental Hotels & Resorts.
Guests will discover touches of subtle luxury and a refined ambiance throughout their experience. Bespoke paintings, sculptures and furniture will enhance the lobby and guest rooms. A new rooftop design will maximize the expansive and distinctive outdoor space, creating a feeling of openness. In addition to the outdoor pool, multiple levels of dining and gathering spaces will allow guests to meet, eat and relax.
An array of flexible indoor spaces will allow for small groups and meetings to take place almost anywhere on the property. Co-working spaces during the day can transform into private dining spaces at night. Major glass exposures in meeting rooms will be constructed with electrochromic glass, also known as smart or dynamic glass, making it easy to control backlighting or maximize daylight for events and presentations.
More information on InterContinental San Antonio, including its design and architecture as well as gastronomic experiences, will be available as the project continues. Meeting planners and travelers to San Antonio in 2024 are welcome to inquire about events and stays by contacting [email protected].
About Scarlett Hotel Group
Scarlett Hotel Group (SHG) was formed by three hotel industry veterans determined to put the hospitality back into the Hotel Management Business. Andrew Scarlett, Rob Sadoff and Zio Pekovic are focused on growth through hotel acquisitions and development as well as the growth of their strong management team. As one of the premier hotel management companies in the industry SHG drives each hotel's performance through a growth and development plan created specifically for the property's key leaders based on their unique talents. SHG has offices in Chicago and Nashville with operating hotels in states throughout the country including Illinois, Florida, Nebraska, Missouri and is excited to add Texas as they continue to expand their portfolio.
About Trailbreak Partners
Trailbreak Partners is a Denver-based real estate development and investment company with a meticulous approach to investing. Their mission is to identify and execute great investment opportunities that their Principals and partners personally believe in, managing risk and creating value for all stakeholders. Trailbreak Partners has completed and is currently working on over $1 billion worth of real estate development and investments. Their investment and syndication platform accesses a wide array of capital that include ultra-high net worth individuals, to family office, and institutional investors. Learn more about Trailbreak Partners at http://www.trailbreakpartners.com/.
About IHG Hotels & Resorts
IHG Hotels & Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to provide True Hospitality for Good.
With a family of 18 hotel brands and IHG One Rewards, one of the world's largest hotel loyalty programmes, IHG has over 6,000 open hotels in over 100 countries, and more than 1,800 in the development pipeline.
- Luxury & Lifestyle: Six Senses Hotels Resorts Spas, Regent Hotels & Resorts, InterContinental Hotels & Resorts, Vignette Collection, Kimpton Hotels & Restaurants, Hotel Indigo
- Premium: voco hotels, HUALUXE Hotels & Resorts, Crowne Plaza Hotels & Resorts, EVEN Hotels
- Essentials: Holiday Inn Hotels & Resorts, Holiday Inn Express, avid hotels
- Suites: Atwell Suites, Staybridge Suites, Holiday Inn Club Vacations, Candlewood Suites
- Exclusive Partners: Iberostar Beachfront Resorts
InterContinental Hotels Group PLC is the Group's holding company and is incorporated and registered in England and Wales. Approximately 345,000 people work across IHG's hotels and corporate offices globally.
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Media Contact
Beth Strautz, Vagus PR, 773-895-5387, beth@vaguspr.com
SOURCE Vagus PR
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