USAA Real Estate Company Announces Destination Hotels & Resorts to Manage La Cantera Resort
SAN ANTONIO, Dec. 12, 2013 /PRNewswire/ -- USAA Real Estate Company announces a change in management in its La Cantera Resort. Effective December 12th, the hotel will be known as the La Cantera Hill Country Resort and will be managed by Denver-based Destination Hotels & Resorts.
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"This is an exciting time for USAA Real Estate Company and for La Cantera and I'm thrilled that we are adding Destination Hotels & Resorts to our team," says Len O'Donnell, President and CEO of USAA Real Estate Company. "They operate some of the finest resorts in the United States and have a stellar reputation for creating a superior customer experience and brand culture for both guests and associates."
Located within the La Cantera 1,645 acre master-planned development, La Cantera Hill Country Resort is comprised of 508 rooms, including 38 casitas. La Cantera Hill Country Resort is an upscale, AAA Four-Diamond resort situated on one of the highest points in San Antonio, offering panoramic views of both the city and the scenic Texas Hill Country. In addition to the resort's award-winning 18-hole championship La Cantera Resort Course and the 18-hole Palmer Course, La Cantera offers a full array of destination-oriented amenities designed to appeal to both leisure and group guests.
"While the resort already offers a spectacular setting and exceptional amenities, we are committed to making a significant investment into the property that will reposition La Cantera Hill Country Resort as a world class resort," continued O'Donnell. "We are in the early stages of planning future improvements, but we are considering new restaurant concepts as well as improvements to the pool areas and other resort amenities."
USAA Real Estate Company is the master developer and owner of La Cantera, which has evolved into the most sought-after business and retail destination in the region. The repositioning of the Resort comes at a time when the company has two other projects at La Cantera in various stages of development, including The Residences at La Cantera, a 322-unit luxury residential project located adjacent to The Shops at La Cantera which is currently in lease-up, and the recently-announced 128,700 square foot West Ridge, a new master-planned office project that is expected to break ground in the near future.
"As we set forth to implement improvements to the Resort over the next two years, we decided it would be an opportune time to make a change to a manager that would deliver the type of quality and customer service we expect from our properties," continued O'Donnell. "Following a thorough selection process, we concluded that Destination is uniquely qualified to help us create the experience we want for our guests and corporate meeting clients."
"On behalf of Destination Hotels & Resorts, we are thrilled to welcome this magnificent Hill Country resort to our growing portfolio," said Jamie Sabatier, president and chief operating officer of Destination Hotels & Resorts. "We are confident that our extensive repositioning experience in the independent space and our refined management platform will provide the right solutions to deliver exceptional results."
About Destination Hotels & Resorts
Destination Hotels & Resorts is the country's fourth largest hospitality management company with a portfolio of extraordinary resorts and hotels that span the nation, from exhilarating alpine adventures to stunning beachfronts to vibrant urban destinations. Celebrating its 40th anniversary in 2013, Destination manages more than 40 independent, luxury and upscale hotels, resorts and golf clubs, each offering authentic, enriching experiences for the discerning traveler. The company's award-winning collection features 125 unique restaurants, lounges and bars, 21 golf courses, 18 full-service spas and seven IACC certified conference centers. Destination Hotels & Resorts properties are located in premier locales in metropolitan and resort markets including Miami, Los Angeles, Chicago, Washington D.C., Boston, Maui, Phoenix, Santa Fe, Aspen, Vail, Lake Tahoe, Seattle, Denver and San Diego. Headquartered in Colorado, the privately owned company is a subsidiary of Los Angeles-based investment, development and management firm Lowe Enterprises and the Lowe Hospitality Group. For more information on Destination Hotels & Resorts, visit www.destinationhotels.com. Follow us on Twitter: @Destination. Like us on Facebook: Destination Hotels.
About USAA Real Estate Company:
USAA Real Estate Company, with over $12 billion in assets under management, provides co-investment, acquisition, build-to-suit and development services for corporate and institutional investors. The USAA portfolio consists of office, industrial, retail and hotel properties as well as investments in real estate operating companies. USAA Real Estate Company is a subsidiary of USAA, a leading financial services company, serving military families since 1922. For more information, visit www.usrealco.com.
SOURCE USAA Real Estate Company
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