August 2015 – Laurus Corporation Taps Into Growing Local Tourism And Corporate Market With $12 Million Refresh Of Hilton San Antonio Airport Hotel
LOS ANGELES, Calif. (Aug. 11, 2015)— Laurus Corporation, a Los Angeles-based real estate investment and development firm, announced today the completion of a $12 million repositioning of the Hilton San Antonio Airport Hotel that will provide a new high-end guest and culinary experience for travelers and local residents. Through a complete overhaul of the property, which includes the debut of the upscale Asado Seafood & Grill restaurant and lounge as well as new and innovative guestroom amenities, the Hilton has set itself apart from other hotel options in the area.
“We’re pleased to introduce the fully repositioned Hilton San Antonio Airport Hotel to the market. This property is a reflection of our firm’s commitment to enhance the guest service levels and product offerings on every hotel investment we undertake” said Austin Khan, Chief Investment Officer of Laurus Corporation. “The hotel is ideally located on Loop 410, adjacent to North Star Mall, and we’ve equipped the property with amenities that really matter to business travelers, leisure guests and local residents: enhanced internet speed, media connectivity, comfortable beds and dining options through the addition of our new restaurant concept that will resonate with the San Antonio culinary scene.”
The upscale Asado Seafood & Grill offers guests a curated menu of international specialties and signature cocktails using the freshest ingredients, and has quickly become a favorite among San Antonians. To coincide with the overhaul of the hotel’s dining experience, a casual chic lounge adjacent to the restaurant exudes a modern vibe with a sleek granite bar, sophisticated leather booths and a stunning ceiling design. The stylish lounge offers a taste of local flavors including the Southwestern steak salad and the aptly named Alamo burger.
As part of the upgrade, all of the hotel’s 384 guest rooms were completely revamped and now feature pristine furniture with an up-to-the-minute aesthetic, along with decorative lighting, curated artwork, remodeled guest and public bathrooms and media hub connectivity so guests can access Wi-Fi anywhere throughout the property. Each guest room has been outfitted with the immensely popular Hilton Serenity Bed Collection, offering ultimate relaxation and comfort for hotel guests.
Additional hotel upgrades include an all new lobby, concierge lounge, swimming pool, 21,000 square feet of meeting spaces, front desk and two executive levels with an executive lounge on the top floor that overlooks the beautiful San Antonio cityscape. Additionally, Laurus Corporation has installed new lighting, improved water features and re-energized landscaping for maximum curb appeal.
The hotel is surrounded by more than 10.5 million square feet of office space, high-end residences, and North Star Mall – a premier shopping mall covering 1.2 million square feet that houses more than 200 stores, major department stores and restaurants, and is one of the most visited tourist attractions in the United States. San Antonio is a popular destination for more than 28.1 million domestic and international visitors annually for both leisure and business. The hotel is located just eight miles from downtown San Antonio where the vibrant River Walk district and historic Alamo also serve as popular tourist destinations. The hotel also provides easy access to the San Antonio International Airport, which is less than two miles away.
San Antonio is the seventh most populated city in the United States, and was the fastest growing of the top 10 largest cities in the United Stated from 2000 to 2010. Its diversified economic base spans across financial services, health care, energy, defense and tourism. Notably, San Antonio is home to the corporate headquarters for five Fortune 500 energy companies, as well as the regional headquarters of USAA, Clear Channel Communications and NuStar Energy.
About Laurus Corporation
Laurus Corporation is a real estate investment and development company that specializes in hotels and resorts, office buildings, multifamily and mixed-use properties. With more than $1 billion in assets under management, Laurus employs an entrepreneurial investment strategy designed to consistently achieve attractive risk-adjusted returns by creating capital appreciation opportunities through repositioning, restructuring, re-development and intensive post acquisition asset management. The company was founded in 1999 by Andres and Jean Paul Szita, and is affiliated with Ethika Investments, LLC, a real estate private equity firm.