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TownePlace opens in San Antonio, Texas

It is owned by Satesh Limited led by Sunil Wadhwani

The TownePlace Suites by Marriott San Antonio Northwest at The RIM in San Antonio, Texas, opens on Aug. 17. It is owned and managed by Satesh Limited, led by Sunil Wadhwani, president.

The 109-suite hotel is 15 miles from San Antonio International Airport and 20 minutes from downtown San Antonio. Nearby attractions include Six Flags Fiesta Texas, The Shops at La Cantera and the University of Texas San Antonio.


Hotel amenities include an outdoor swimming pool, a fitness center and a meeting room. The hotel is pet-friendly.

Last week, Champion Hotels Group, led by founder Champak “Champ” Patel, and Jain Hotels led by CEO Jayesh Jain, opened the GLō Tulsa East Route 66.

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Peachtree Group Backs The Briad Group’s Retail Expansion

Peachtree backs Briad’s retail expansion

Summary:

  • Peachtree to provide up to $200M to Briad for retail expansion.
  • Private credit platform to fund 2–4 Circle K stores and mini-travel centers yearly.
  • Peachtree has provided Briad $100M+ for hotel developments since 1999.

PEACHTREE GROUP IS expanding into the convenience and fuel retail sector, providing up to $200 million to The Briad Group to develop and acquire new sites. Its private credit platform will support two to four Circle K stores and mini Travel Center projects annually.

Each 7,000-square-foot location combines fuel, convenience retail and quick-service restaurants including Wendy's, Dunkin', Jimmy John's and Buffalo Wild Wings Go, Peachtree said in a statement.

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