Several San Antonio Area Hotels Sold at Auction

This has been a busy week for hotel sales in San Antonio.

First, the Comfort Suites at 8021 Alamo Downs Parkway was foreclosed by its lender on Tuesday at the June monthly foreclosure auction. That property was acquired for $3.8 million -- a disappointing figure for the lender, who had hoped the property would fetch $5.7 million. Three other hotels listed for June foreclosure at the Bexar County Courthouse failed to sell at the monthly auction.

On Thursday, the Quality Inn and Suites hotel at 10950 Laureate Drive was sold in an online auction that was conducted on Auction.com. According to news reports, that property sold for $1.7 million.

The Hampton Inn at 11010 Interstate 10 West already has been listed for the next auction on July 5, and it is expected that the hotels that didn't sell -- the Quality Inn Medical Center hotel located at 4 Piano Place, America's Best Value Inn located at 3645 North Panam Expressway and America's Best Value Inn in Seguin -- will likely be auctioned again at a yet-to-be-determined date.