Hotel Renovation

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Hotel Renovation

Hawthorne Suites Hotel
105-room hotel
San Antonio, Texas

Holiday Inn Express Hotel
62-room hotel
Winter Park, Colorado

Islander on the Beach
200-room waterfront hotel
Kauai, Hawaii

Case Study - Hawthorne Suites Hotel

105-room hotel
Live Oak, Texas
Gault Company

The Hawthorne Suites Hotel in Live Oak, Texas, a suburb of San Antonio, was originally acquired as a note purchased from a bank located in Austin, Texas. The Developer acquired the note and foreclosed on the property in 2011.

The hotel was in need of a significant upgrade at the time of foreclosure, so the developer commenced a 2.7m renovation of the property in phases while continuing to operate the hotel. In the 3 years that the developer owned and operated the hotel, the renovation was completed and revenue was increased by 80%. In 2014, the developer sold the property, and the developer's investors enjoyed a substantial return on their original investment.