The Thompson San Antonio-Riverwalk hotel is poised for a major ownership change, set to close its $41 million sale by September 30th—just five months after foreclosure. Originally bid on by Sunrise and Southern Realty Trust (who are merging), the deal follows DC Partners’ collapse under pandemic pressures, rising rates, and new competition. With 162 rooms and 33 suites—and 59 condos (the Arts Residences) unaffected—the once-luxury flagship now faces stiff rivalry from nearby upscale hotels like Monarch and InterContinental. The big question: Who’s buying, and what’s next for this downtown icon?
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