- LXMI acquired DoubleTree in San Antonio.
- Fortress financed the deal.
- Hotel is near San Antonio International Airport.
Presidian Hospitality acquired the property in 2019 and completed a $10 million renovation after the acquisition, the San Antonio Business Journal reported. The hotel opened in 1981 as La Mansion del Norte and later became a DoubleTree.
The property is about two miles from San Antonio International Airport. The 13-story property offers around 14,659 square feet of meeting and event space, an outdoor pool and a fitness center. The property serves both business and leisure travelers seeking airport access and connections to the wider San Antonio market.
LXMI is an Austin, Texas-based real estate investment firm led by founder and chief executive officer Tony Gupta.
Last year, LXMI acquired the 88-key TownePlace Suites by Marriott Dallas McKinney in McKinney, Texas.
