USAA Real Estate Completes Sale Of La Cantera Resort & Spa
Luxury Hospitality Investment Firm Acquires Premier Texas Resort
SAN ANTONIO, June 15, 2021 /PRNewswire/ -- USAA Real Estate today announces the sale of La Cantera Resort & Spa to affiliates of Ohana Real Estate Investors. The Resort has been a part of USAA Real Estate's portfolio and the cornerstone of the 1,700-acre La Cantera community since the firm developed it in 1999.
USAA Real Estate re-imagined and transformed the property in 2015/2016, enhancing all of the renowned amenities across the Resort's 630 acres, including some of San Antonio's finest dining and recreation venues, such as Signature Restaurant, Loma de Vida Spa, five pools and 36-holes of award-winning golf within the Resort Course and Palmer Course.
The recent repositioning and best-in-class offerings have established La Cantera as a leading luxury resort in the region, still enjoying robust demand post-COVID.
"La Cantera Resort is and will always be special to USAA Real Estate because we developed and nurtured it for decades in our own backyard, giving it an unrivaled sense of place in our La Cantera master development," stated USAA Real Estate President & CEO Len O'Donnell. "We took particular care to ensure that the new owners would be the ideal stewards of the property, and as such, we could not be more pleased to have concluded this transaction with Ohana."
The Resort sits atop one of the highest points in all of San Antonio, with 496 guest rooms and suites, including 34 exclusive Villas, and 127,000 square feet of indoor and outdoor meeting and event space which has hosted corporations, organizations, and individuals from across the globe.
Mr. O'Donnell added, "We remain humbled by the opportunity we had to serve each and every guest who visited La Cantera Resort and grateful for the thousands of dedicated team members that have contributed over the years to the Resort's success and longstanding reputation as a preeminent destination in Texas."
About USAA Real Estate
With more than $26 billion of assets under management and 11 global offices, USAA Real Estate is an industry leader in acquiring, developing, financing and managing the highest quality real estate assets in North America and Europe. The mission of USAA Real Estate is to serve the financial interests of its investor clients by strengthening the profitability and diversity of their investment portfolios, which include multifamily, industrial, office and hotel properties as well as e-commerce logistics and distribution centers, media production facilities and data centers. Aligned with a series of strategic partnerships cultivated over decades of co-investment, USAA Real Estate engages with preeminent sector leaders demonstrating proven domain expertise in a shared drive to achieve superior, risk-adjusted returns. For more information, visit usrealco.com.
SOURCE USAA Real Estate Company
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