The Real Deal: Corebridge sheds two Texas Aloft hotels, closing out portfolio purchased a decade ago

The Real Deal has a report out about Corebridge selling off two Aloft hotels in Texas, one in San Antonio and the other in Irving. Naturally, journalist Isaiah Mitchell leveraged data to provide context for the transaction in the article Corebridge sheds two Texas Aloft hotels, closing out portfolio purchased a decade ago.

Corebridge sold another pair of Aloft hotels, closing out a portfolio of properties it purchased a decade ago.

Houston-based Corebridge Real Estate Investors, a subsidiary of financial services firm Corebridge Financial, sold the Aloft San Antonio Airport at 838 Northwest Loop 410 to Armanda Investments LP on March 25, public records show. Hunter Advisors Senior Vice President Kami Burnette and Vice President Mason McDavid brokered the deal, according to a press release.

The Real Deal provided some background information on the San Antonio Airport market:

The 141-key San Antonio hotel, built in 2009, occupies 1.5 acres two miles west of the San Antonio International Airport, which is adding a new terminal. The $2.5 billion project, dubbed Elevate/SAT, will add 18 domestic and international gates by mid-2028 in an effort to encourage and accommodate future air service expansion, according to the San Antonio International Airport. 

Corebridge acquired the property in 2015 for an undisclosed price. The price Armanda Investments paid last month also remains undisclosed, but public records show the company borrowed $10.7 million to purchase the hotel.

And Source Strategies data was used to help understand current conditions in the San Antonio area:

The hospitality industry has weakened more in San Antonio recently than in other major Texas metros. San Antonio hotels sold about 2.5 million room nights in the fourth quarter of 2025, a decline of 220,000 compared to the fourth quarter of 2024, according to data from Source Strategies. Occupancy fell by 5 percent during the same period, settling at 59 percent in the last quarter of 2025, Source Strategies found. Consequently, hotel revenue declined by 7 percent to about $342 million in the fourth quarter, year-over-year, the greatest decline in the Texas Triangle.

The buyer of Aloft San Antonio Airport plans to undertake a scheduled property improvement plan required by Marriott to conform to brand standards, according to the release.

Read the full article, Corebridge sheds two Texas Aloft hotels, closing out portfolio purchased a decade ago, on The Real Deal website.