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Foreclosed Hotel Near SA Convention Center To Be Sold At Auction

Best Western Plus Sunset Suites Riverwalk
Best Western Plus Sunset Suites Riverwalk

On June 6, the Best Western Plus Sunset Suites Riverwalk, a four-story hotel at the corner of Commerce and Chestnut, just one block from the convention center, will be sold. Gosla Family Trust, the building's owner, defaulted on a $5M loan it used to buy the tract. The trust used the hotel as collateral for the loans this year and property tax payments, MYSA reports. The 0.8-acre plot includes a 37K SF building constructed in 2001 and a 13K SF building from 1890. Last year, the Bexar Appraisal District assessed the property at $5.2M.

The hotel is in San Antonio's St. Paul Square Neighborhood, which is receiving increased attention from developers. In addition to a new 271-unit multifamily complex, the State of Texas is looking to rehab the nearby G.J. Sutton complex.