San Antonio Business Journal: Austin investor buys airport-area Hilton hotel

The San Antonio Business Journal uncovered details on the recent sale of the DoubleTree by Hilton San Antonio Airport and naturally cited Source Strategies for context on the deal. In the article, Austin investor buys airport-area Hilton hotel, journalist James McCandless highlights the transaction, which is the second in recent months in San Antonio’s important airport submarket.

The story begins with the basic details:

Austin-based hospitality and multifamily investor LXMI Capital has acquired the DoubleTree by Hilton San Antonio Airport, Bexar County records show. Terms of the deal were not disclosed, but the firm backed the purchase with a $36.4 million loan from Fortress Investment Group, according to a July 31 filing with the county. The property at 611 NW Loop 410 has been appraised for $24.5 million by the Bexar Central Appraisal District.

The company invests in hospitality, workforce housing and specialty housing, per its website. The DoubleTree had been owned by local outfit Presidian Hospitality since 2019.

The newspaper then reminds readers of the other recent hotel transaction near the San Antonio Airport:

As the Business Journal reported, the deal comes two months after Scenic Capital Advisors, another Austin company, scooped up the Marriott San Antonio Airport hotel at 77 NE Interstate 410 Loop.

Then the article pivots to context provided by Source Strategies:

The most recent data from local hotel industry consultant Source Strategies shows that, like the rest of the area’s hotel market, recovery has been slow post-pandemic. San Antonio’s airport hotel sold 396,000 room nights in the fourth quarter of 2025, a 9% drop from the same period the previous year. Consultant Paul Vaughn said at the time that a confluence of economic factors was at play.

“Economic uncertainty and government shutdowns likely played a role,” Vaughn said. “Add that to the generally weak demand for hotels last year.”

Read the full article, Austin investor buys airport-area Hilton hotel, on the San Antonio Business Journal website.