Jones Lang LaSalle Arranges Sale Radisson Hill
SAN ANTONIO, TX, September 21, 2007. Jones Lang LaSalle Hotels is pleased to announce on behalf of its client FFI Real Estate LLC NE (Nuremberger Insurance Co), the sale of the Radisson Hill Country Resort & Spa to The Dow Hotel Company and The Prudential Insurance Company of America. The 227-guestroom resort is the newest full-service hotel in the Texas Hill Country market and serves as the official resort of the SeaWorld San Antonio.
The Radisson Hill Country Resort & Spa is centrally located within Westover Hills, a master-planned community within northwest San Antonio that extends over 1,270 acres of land. The resort is well positioned to attract both corporate and leisure business due to its proximity to numerous demand generators and tourist attractions.
San Antonio is one of the most active drive-to tourist destinations in North America. In 2006, more than eight million tourists visited San Antonio, making tourism the city's second largest industry. With an employee base of more than 75,000 people, the hospitality and tourism industry brings more than $2.0 billion in visitor spending to the city, generating a total economic impact of more than $4.0 billion. This sector continues to be a strong economic generator for the city and remains a key element of future economic development efforts.
"San Antonio continues to be one of the most highly sought-after investment markets. The Radisson Hill Country Resort & Spa's excellent physical condition and significant upside potential presented an outstanding opportunity for The Dow Hotel Company & The Prudential Insurance Company of America to acquire this upscale resort in San Antonio's most prominent leisure market," said Alan Tantleff, executive vice president, Jones Lang LaSalle Hotels.
"We see tremendous investor interest in all areas of Texas," said Dorraine Lallani, senior vice president, Jones Lang LaSalle Hotels. "The fundamentals are strong, the economy is growing, and investors are reacting positively to the market."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
