{"id":168732,"date":"2026-02-17T22:36:11","date_gmt":"2026-02-17T22:36:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-tx\/168732\/"},"modified":"2026-02-17T22:36:11","modified_gmt":"2026-02-17T22:36:11","slug":"lenders-file-foreclosure-notice-against-san-antonios-thompson-hotel-over-44-million-loan","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-tx\/168732\/","title":{"rendered":"Lenders file foreclosure notice against San Antonio’s Thompson Hotel over $44 million loan"},"content":{"rendered":"

\"TheThe Thompson San Antonio \u2013 Riverwalk opened in 2021. Credit: Instagram \/ mpsonsanantonio<\/p>\n

Downtown luxury hotel The Thompson San Antonio \u2013 Riverwalk by Hyatt is under foreclosure-sale notice, Bexar County Records show.<\/p>\n

Lenders Sunrise Realty Trust Holdings I LLC and Southern Realty Trust Inc. issued a default notice for the hotel at 115 Lexington Ave., which the pair refinanced with a $44 million loan in December 2024, records show. Only the hotel located on the mixed-use property is included in the notice, not the condominiums at the same address that also operate under the Thompson brand. <\/p>\n

The filing, dated Feb. 6, was first reported on by the San Antonio Business Journal<\/a>. <\/p>\n

Officials with DC Partners, the Houston-based real estate firm that developed and owns the The Thompson, were unavailable for immediate comment. However, in a statement to the Business Journal, company representatives said high interest rates and a flurry of downtown hotel openings cut into earnings from the property, which opened in 2021.<\/p>\n

\u201cThese factors \u2014 including opening during COVID and a broader softness in the San Antonio hotel market \u2014 created challenges that were not anticipated and challenging to overcome,\u201d the statement said. \u201cThis is not a reflection of the quality of the asset or the long-term viability of the project, but rather a convergence of market forces affecting many developers across the country.\u201d<\/p>\n

Sunrise and Southern offered DC Partners four chances to settle its overdue loan amount, the most recent of those on Dec. 16, according to the default notice. <\/p>\n

The Thompson hotel includes 162 hotel rooms along with restaurant Landrace and rooftop bar The Moon\u2019s Daughters. The development\u2019s condo portion is comprised of 59 units. <\/p>\n

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