Highline Hospitality Acquires Dual-Branded Marriott Asset
Highline Hospitality Partners adds the dual-branded AC Hotel and Element San Antonio Riverwalk to its portfolio, selecting Avion Hospitality as manager.
The short answer
Highline Hospitality Partners has acquired the dual-branded AC Hotel and Element San Antonio Riverwalk, adding 343 guestrooms to its portfolio. The transaction marks HHP's 20th and 21st hotel acquisitions, with Avion Hospitality named as the property manager.
“The hotels have been institutionally maintained and are in like-new condition thanks to the recent, extensive renovation, and we are excited to both acquire a high-quality asset and enter the San Antonio hospitality market.”
The short version
- Highline Hospitality Partners acquired the dual-branded AC Hotel and Element San Antonio Riverwalk, representing its 20th and 21st hotel purchases.
- Avion Hospitality has been retained to manage the 343-room property, continuing an existing management partnership with HHP.
- HHP now oversees 25 total properties, consisting of 21 owned hotels with 5,500 rooms and four third-party managed assets.
Highline Hospitality Partners has acquired the dual-branded AC Hotel San Antonio Riverwalk and Element San Antonio Riverwalk, marking its entrance into the San Antonio market. The deal represents the investment firm's 20th and 21st hotel acquisitions, adding 343 rooms to a national portfolio that now totals 21 owned properties and roughly $1.7 billion in hospitality assets under management.
What does the dual-branded San Antonio property include?
The property contains two distinct Marriott-flagged concepts across upper floors alongside commercial space, as Hotel Business reported [1]. The Element San Antonio Riverwalk spans floors 7 through 12, offering 162 extended-stay guestrooms equipped with full-service kitchenettes and sleeper sofas [1]. Above it, the AC Hotel San Antonio Riverwalk occupies floors 13 through 20 with 181 standard guestrooms [1].
Beyond accommodations, the building features two full-service food and beverage outlets, including 1Watson, a rooftop restaurant and bar situated on the 15th floor [1]. The development includes 4,000 square feet of flexible meeting space, a fitness center, a business center, 60,000 square feet of office space across floors 3 to 6, and 3,000 square feet of ground-floor retail space [1].
What is the asset's development history?
The asset was originally constructed as a commercial office building in 1983 before undergoing an adaptive-reuse conversion between 2019 and 2022, according to Lodging Magazine [2]. That conversion produced the modern dual-branded hospitality structure operating today [2].
Chuck Pomerantz, managing partner at HHP, noted that the hotels were institutionally maintained and remain in like-new condition because of the recent adaptive-reuse project [1]. Jordan Scheiman, managing director at HHP, highlighted that the property sits steps from the Riverwalk in the growing Riverwalk West submarket [1].
| Property Component | Floor Level(s) | Key Specifications |
|---|---|---|
| Ground-Floor Retail | Floor 1 | 3,000 sq. ft. of retail space |
| Commercial Office Space | Floors 3–6 | 60,000 sq. ft. of office space |
| Element San Antonio Riverwalk | Floors 7–12 | 162 extended-stay rooms with kitchenettes |
| AC Hotel San Antonio Riverwalk | Floors 13–20 | 181 guestrooms |
| 1Watson Rooftop Venue | Floor 15 | Full-service rooftop restaurant and bar |
| Meeting & Event Facilities | Varies | 4,000 sq. ft. flexible meeting space |
Who is managing the dual-branded hotel?
HHP has selected Avion Hospitality to manage operations at the dual-branded property [1]. The appointment expands an existing partnership between the two companies across Highline's growing hospitality portfolio, as reported by Hotel Business [1].
How does this transaction fit into Highline's 2024 expansion?
The San Antonio acquisition represents Highline's fourth and fifth property additions this year, according to Lodging Magazine [2]. Earlier transactions this year included the purchase of the Pittsburgh Marriott North in February, followed by acquisitions of the Hilton DFW Lakes Executive Conference Center and the Westin Poinsett Greenville in March [2].
Following the San Antonio purchase, HHP owns 21 hotels containing more than 5,500 guestrooms, with approximately $1.7 billion in hospitality assets under management [1]. The firm also provides third-party asset management services for four additional hotels on behalf of an institutional ownership group, bringing total properties under HHP oversight to 25 [1].
Reported by
This article was written from the following reporting. Follow the links for the original coverage.
- [1]Highline Buys Dual-Branded San Antonio Marriott— Hotel Business
- [2]Highline Buys Dual-Branded Marriott in San Antonio— Lodging Magazine
Frequently asked
+Which hotels did Highline Hospitality Partners acquire in San Antonio?
Highline Hospitality Partners acquired the dual-branded AC Hotel San Antonio Riverwalk and Element San Antonio Riverwalk, which operate within the Marriott brand family in the Riverwalk West submarket.
+How many rooms are in the dual-branded San Antonio property?
The dual-branded property contains 343 total guestrooms, consisting of 181 rooms at the AC Hotel and 162 extended-stay suites with kitchenettes at the Element.
+Who manages the AC Hotel and Element San Antonio Riverwalk?
Third-party management firm Avion Hospitality was engaged by Highline Hospitality Partners to oversee operations at the dual-branded property.
+What non-hotel spaces are included in the property?
The building includes 60,000 square feet of office space across floors 3 through 6, 3,000 square feet of ground-floor retail space, and approximately 4,000 square feet of flexible meeting space.
+What other hotels has Highline Hospitality Partners acquired this year?
Earlier in the year, Highline acquired the Pittsburgh Marriott North in February, as well as the Hilton DFW Lakes Executive Conference Center and Westin Poinsett Greenville in March.
+What is the background of the San Antonio building?
Originally built as an office building in 1983, the property underwent an adaptive-reuse conversion between 2019 and 2022 to become a dual-branded hotel.
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