Partners Capital, the investment arm of Partners Real Estate, has acquired Hilton Garden Inn San Marcos in Texas, US, for an undisclosed sum.  

The 107-room hotel includes the Garden Grille & Bar Restaurant, an outdoor pool, free Wi-fi, a fitness centre, a business centre and 2,760ft² of event space. 

This transaction marks the first hotel purchase for Partners Capital’s Hospitality Fund I, which was launched in June 2023.  

The fund aims to create a collection of Marriott, Hilton, Hyatt, and IHG, hotels ranging from limited-service, select-service, and extended-stay properties in Sunbelt markets. 

Hospitality Fund I managing director Adam Lair said: “Our fund has been especially focused on the I-35 corridor between Austin and San Antonio since its inception, given the dramatic growth of the region, and we were fortunate to find an institutional-grade asset in a strong market like San Marcos. 

“We see tremendous upside potential in the Hilton Garden Inn and look forward to executing on that immediately.” 

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By GlobalData

Partners Finance’s digital investment platform offers accredited investors access to Hospitality Fund I and other current offerings from Partners Capital. 

Over the past eight years, Partners Capital has launched seven investment funds, employing three investment strategies, and has executed transactions exceeding $500m.  

This deal comes after Partners Capital recently expanded its portfolio with the purchase of Waco Gateway Park, marking Partners Land Fund I’s first acquisition. 

The company’s existing portfolio comprises more than 1.4 million square feet of property across Texas.