Ohana Real Estate Investors acquires La Cantera Resort & Spa in San Antonio, Texas
REDWOOD CITY, Calif .– (COMMERCIAL THREAD) – Ohana Real Estate Investors (“Ohana”), a vertically integrated investment firm focused exclusively on full-service hotels, today announced the acquisition of La Cantera Resort & Spa, a luxury resort of 496 Keys located in San Antonio, TX from USAA Real Estate. This transaction advances Ohana’s strategy of acquiring high quality hotel and resort properties in North America.
Located at San Antonio’s highest elevation point on 550 acres, La Cantera Resort & Spa is a pristine oasis with sweeping views of the Texas Hill Country and is close to San Antonio’s attractions and culture. The original rustic King Ranch-style interiors were refreshed in 2015 with extensive, multi-million dollar renovations to transform the resort into a unique getaway with a contemporary Texas feel. The resort has also received the coveted Reader’s Choice Award from Condé Nast Traveler over the past four years, a prestigious honor won by only a few of the world’s leading resort destinations.
“The acquisition of La Cantera not only advances our proven investment strategy, but also marks our entry into Texas with a premier resort that will continue to benefit from many demand drivers,” said Franco Famularo, director of investments at Ohana. “USAA Real Estate has made the resort a premier destination in Texas and North America, and we look forward to continuing this success under our ownership. ”
La Cantera offers a variety of facilities for guests, including two championship golf courses; 12 restaurants including Signature, inspired by celebrity chef Andrew Weissman; Loma de Vida Spa & Wellness – a 25,000 square foot spa; six swimming pools with private cabañas; and 34 villas nestled among the groves of trees on the property. Guests can enjoy hiking trails among native oaks, mesquites, and pines punctuated with metal art installations made by local Texas artisans. The villas also have a private pool and bar as well as an indoor bar and market.
Ohana has been one of the most active hotel investors throughout the pandemic, investing in credit opportunities and real estate acquisitions. La Cantera represents the 11 of Ohanae investment and second hotel acquisition since the start of the pandemic. The company intends to continue to leverage its long-standing relationships to seek out and acquire hotel investments in North America, where it can unlock intrinsic value through operational improvements and capital investments.
About Ohana Real Estate Investors
Ohana Real Estate Investors is a vertically integrated investment firm focused exclusively on full service hotels. Founded in 2009, the company invests in debt and equity through combined fund vehicles and separate accounts. Ohana has a collection of properties in some of the most desirable locations in North America. For more information, please visit www.ohanare.com.