SA Hotel Converting to 220 Apartment Units

SA Hotel Converting to 220 Apartment Units
News| December 1, 2025| Mike Boyd
Texas + Apartment Buildings

The San Antonio Housing Trust is working with GoodHomes Communities to convert an urban core hotel to residential use. The San Antonio Business Journal reports the team wants to convert the Sonesta ES Suites at 425 Bonham to The Whitney, a 220-unit apartment complex.

The Housing Trust is launching a targeted effort to acquire and convert extended-stay hotels to accommodate more permanent residents. Due to larger layouts and kitchenettes, extended stay hotels are favored by the trust over standard hotel rooms.

The agreement suggests the property could sell for about $59.5 million after 10 years as a multifamily property. About half of the units would be reserved for tenants making 40% to 80% of the area median income (AMI), with the rest at market rate.

Other News

RK Investors Lands $81M Construction Loan for 299-Unit Charlotte Rental Community

Atlanta & Southeast + Apartment Buildings

An RK Investors-led team obtained an $81 million construction loan for Sutherland at Piper Glen, a 299-unit multifamily development underway in Charlotte’s Piper Glen neighborhood. The financing was provided by Western-Southern Life Insurance Company. The financing was arranged by Nate Sittema, Kristen Reilley and Elliott Voreis with CBRE’s Debt & Structured Finance team. Currently under...

Learn more

Pasadena Offices Sell for Residential Conversion

California & West + Apartment Buildings

NAI Capital Commercial EVPs John S. Archibald and Guillermo Olaiz, alongside senior associate Stephen Lam of the Investment Services Group in the Pasadena office, represented the seller, Star Horizon, LLC, in the sale of ZK Plaza, a 41,586-square-foot office building in Pasadena. The property sold for $13,400,000, representing a 3.5% premium over asking. Located at...

Learn more

Berkadia Negotiates Student Housing Property Sale in Kansas

Chicago & Midwest + Student Housing

Berkadia announced the sale of Orchard Corners & Suites, a 139-unit, 264-bed, garden-style student housing property serving The University of Kansas in Lawrence, Kansas. Berkadia’s Student Housing and Kansas City investment sales teams collaborated to facilitate the transaction on behalf of the seller, Utah-based Redstone Residential. The Berkadia team included Senior Managing Directors Travis Prince...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up