A prominent upscale hotel in downtown San Antonio has defaulted on a substantial loan and is now slated for auction. The 19-story property, located at 101 Bowie St., is recognized as the Marriott Rivercenter, a well-known destination for visitors to the city.
The hotel, which features 1,001 guest rooms and extensive meeting facilities, is scheduled to be auctioned on July 2, according to a public notice. The auction is set to take place at the Bexar County Courthouse.
Loan Default and Auction Details
According to the notice, the current owner, an affiliate of Ashford Hospitality Trust, defaulted on a $200 million loan. The loan was originally secured in 2018 and was set to mature in 2023. The property is now being foreclosed on after the owner was unable to meet the loan obligations.
The foreclosure sale will be conducted by the trustee, as outlined in the public filing. The auction is open to the public and will be held on the first Tuesday of July, consistent with Texas foreclosure sale procedures.
Background on the Property
The Marriott Rivercenter is situated adjacent to the Shops at Rivercenter and the San Antonio River Walk, making it a central location for both business and leisure travelers. The hotel includes a range of amenities such as a pool, fitness center, and multiple dining options.
The property has hosted numerous conventions and events, benefiting from its proximity to the Henry B. González Convention Center. It has been a significant part of San Antonio’s hospitality sector for several decades.
Owner’s Response and Future Prospects
Ashford Hospitality Trust, a Dallas-based real estate investment trust, has not issued a public statement regarding the pending foreclosure and auction. The company’s portfolio includes several high-profile hotels across the United States.
It remains unclear whether the property will continue to operate as a Marriott following the auction or if new ownership will result in changes to branding or management. The outcome will depend on the results of the July 2 sale and any subsequent negotiations.
Additional details about the auction and the property’s status can be found in the official public notice and through the Bexar County Clerk’s office.
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