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Blackstone’s $800 Million Sale of JW Marriott Resort Shows Investors Are Bullish on San Antonio

Nashville, Tennessee-based Ryman Hospitality Properties has acquired the JW Marriott San Antonio Hill Country Resort & Spa from Blackstone REIT for $800 million. (CoStar)

Blackstone Real Estate Investment Trust is selling a 1,000-room resort hotel in the Texas Hill Country for $800 million in a deal that is being called the second-biggest hotel transaction since the pandemic and a major bet on the convention and leisure industry.

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