Loren Group Bought Thompson San Antonio Hotel for $41M

The $41 million acquisition by The Loren Group includes plans for $10 million in property capital improvements.

Updated on Oct. 13, 2026 in Hospitality

Loren Group Bought Thompson San Antonio Hotel for $41M

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The Loren Group has purchased the Thompson San Antonio hotel from Sunrise Realty Trust for $41 million. The deal, which closed on October 13, 2026, involves a $9 million cash payment and a $32 million senior loan.

Why it matters

This transaction marks a significant turnover for the 162-room property, which was previously acquired by Sunrise Realty Trust through foreclosure in March 2026. The new owner is signaling intent to reposition the 20-story building with a $10 million capital investment.

The $41 million sale price represents the full valuation of the 140,000-square-foot development, with Sunrise Realty Trust collecting $26.7 million for its 65% stake. The remaining $9 million in cash and $32 million in senior debt finalize the acquisition of the 162-room hotel.

The players

The Loren Group

An upscale hospitality developer and operator with luxury assets in Austin, Texas, and Bermuda.

Sunrise Realty Trust

A West Palm Beach-based real estate investment firm specializing in property management and distressed asset recovery.

The details

The Loren Group completed the purchase of the 20-story asset, which was finished in 2020, to integrate it into its broader hospitality portfolio. The acquisition structure relies on a significant $32 million senior loan provided by the seller, indicating that the buyer is leveraging existing debt to manage the acquisition cost. Beyond the purchase price, the planned $10 million capital expenditure program suggests a strategy to upgrade facilities and modernize the site to match the firm's other high-end properties.

The 20-story mixed-use development was completed in 2020.
Sunrise Realty Trust acquired the property via foreclosure in March 2026.
The sale of the hotel to The Loren Group closed on October 13, 2026.
The Loren Group expects to open a Turks and Caicos property in 2027.

Market Landscape

This acquisition follows the 2026 foreclosure acquisition of the Thompson San Antonio by Sunrise Realty Trust, marking a quick rotation of the asset. The move reflects a broader trend among hospitality investors to acquire stabilized 2020-era luxury stock for active repositioning.

Operators in the San Antonio hospitality market should monitor how the $10 million capital improvement plan alters local room rates and premium service standards. Keep an eye on the property's operational transition as The Loren Group integrates this 162-room asset into its luxury platform.

The takeaway

Large-scale hospitality acquisitions often rely on seller-originated debt structures to facilitate quick ownership transitions in competitive markets. Owners should track the impact of upcoming capital expenditure cycles on local market pricing benchmarks.