IHG Hotels & Resorts (IHG) and Scarlett Hotel Group (SHG) announced 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.
Matt Frankiewicz, SVP, Development, Americas for IHG Hotels & Resorts, said: “We are delighted to enhance our growing luxury and lifestyle portfolio in the Americas with the addition of InterContinental San Antonio. 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.”
Zio Pekovic, Principal and Co-Founder of SHG, said: “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. 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.”
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.