Workers are building the new 126-room Hyatt Place hotel at CIRI Land Development Co.’s (CLDC) Sonterra office park project in San Antonio, Texas. The hotel is phase one of the project, which is expected to include two hotels, three office buildings, parking garages, a restaurant and a coffee shop.
CLDC transferred ownership of the Hyatt Place site on Jan. 21 to Sonterra Hotel Investors LLC, which will develop the hotel. Sonterra Hotel Investors is a 50-50 partnership between CIRI and hotel developer Dewey F. Weaver Jr.
Weaver’s company, InterMountain Management LLC, has developed and manages more than 60 hotels representing 12 different brands in 21 states, including Fairfield Inn by Marriott, Courtyard by Marriott, Residence Inn by Marriott, SpringHill Suites by Marriott, Hampton Inn & Suites, Homewood Suites by Hilton, LaQuinta Inns and more.
InterMountain will manage The Sonterra Hyatt Place once it is completed.
“We’re excited to be working with Dewey on this hotel project,” said Ashley Schmiedeskamp, CIRI vice president of business development. “He’s got more than 27 years of experience in this business, and has the knowledge and financial incentive to make this project succeed.”
Hyatt Place is a newer franchise chain of Global Hyatt Corp. that primarily caters to business travelers. Hyatt Place hotels feature plush, oversized eight-foot sectional sofa sleepers; complimentary high-speed wireless Internet access; free continental breakfast; 24-hour room service; 42-inch high-definition flat-panel televisions; 24-hour fitness centers; and panels that allow guests to connect laptops, MP3 players, DVD players or other portable media devices to the television.
There are approximately 130 Hyatt Place hotels in key business and leisure markets throughout the country. Hyatt Place was named the top mid-scale full service brand in the J.D. Power and Associates 2008 North America Hotel Guest Satisfaction Index.
The Sonterra project is located in north San Antonio on a 21.5-acre parcel of land next to U.S. Highway 281, an important highway artery into and out of the city. CIRI acquired the former federal surplus land as a result of the Cook Inlet Land Exchange.
