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GlobeNewswire·

Southern Realty Trust Announces Closing of the $41 Million Sale of the Thompson San Antonio Hotel

SUNS
  • Southern Realty Trust Inc. ("SRT") announced the sale of the Thompson San Antonio to The Loren Group for $41.0 million.
  • The transaction structure included $9.0 million in purchaser cash & a $32.0 million senior loan originated by SRT.
  • SRT holds a 35% ownership interest in the joint venture entity that sold the property.
  • SRT's share of the gross purchase price was approximately $14.4 million, consisting of $3.2 million in cash & an $11.2 million principal loan interest.
  • The Loren Group plans to invest an additional $10 million in capital expenditures to enhance the guest experience.
  • SRT & its affiliate are pursuing remedies under the former sponsor's guarantee.
  • SRT acquired the property in March 2026 after exercising foreclosure rights on a prior senior loan.
  • The 140,000-square-foot luxury hotel features 162 rooms, a rooftop restaurant, spa, gym & 5,000 square feet of conference facilities.
  • The Loren Group operates luxury hotels in Bermuda, Austin & San Antonio, with a new property in Turks and Caicos expected to open in 2027.