What is it?
A 326-key, full-service Westin hotel undergoing a Marriott-approved Property Improvement Plan (PIP).
Westin San Antonio North
Marriott-Backed
Hotel Investment.
San Antonio's Northwest Corridor.Marriott-Backed Hotel Investment.San Antonio's Northwest Corridor.
Invest in a 326-room, full-service Westin hotel undergoing a Marriott-approved renovation, directly across from USAA's headquarters and minutes from UTSA, Six Flags Fiesta Texas, and South Texas Medical Center.
San Antonio, TXMarriott Bonvoy BrandFull-Service Hotel Equity
$350K
Minimum Investment
27-35%
Target IRR
3-5 Years
Projected Hold
Who is it for?
Accredited investors seeking cash-flowing hotel equity with institutional-grade downside protection.
What does it cost?
$350,000 minimum investment, with a projected 27–35% annualized return.
Investment Highlights
Built for Returns
Westin San Antonio North is being acquired well below replacement cost and repositioned through a Marriott-approved renovation. The fund is structured around two share classes, fixed preferred distributions, and a defined 3-5 year exit.
Investment Type
506(c) Reg D Syndication
Minimum Investment
$350,000
Projected Annualized Return
27-35%
Hold Period
3-5 Years
Preferred Distributions
12% (Years 3-5)
Equity Multiple
Up to 1.76x
Share Class Comparison
Two share classes with different minimums and return targets. Equity uplift is a separate metric from equity multiple — both are defined in the offering materials.
| Class | Minimum | Target IRR | Equity Multiple | Equity Uplift |
|---|---|---|---|---|
| Share Class A2 | $350,000 | 27% | 1.36x | 100% |
| Share Class A1 | $1,000,000+ | 35% | 1.76x | 140% |
Return projections, basis figures, and raise assumptions are for illustrative purposes only and are not guaranteed. Accredited investors should review the private placement memorandum before investing.
Why This Opportunity Stands Out
Below Replacement Cost. Irreplaceable Location.
Westin San Antonio North isn't a speculative development play. It's a 19-story, 326-room concrete tower built in 1985 and converted to a Westin in 2021, being acquired at a fraction of what it would cost to build today.
The hotel sits in the only full-service position in San Antonio's dominant northwest office corridor, directly across the street from USAA's 17,000-employee headquarters.
Marriott Bonvoy Branding
Access to a 271 million-member loyalty and reservation platform
Unbeatable Corporate Location
USAA, Valero, and the Colonnade Office Park within walking distance
Diversified Demand Drivers
Corporate, medical, military, education, and leisure travel all within minutes
Discount to Replacement Cost
Acquired at a significant discount to estimated replacement cost — basis and underwriting assumptions are detailed in the offering materials.
The Right Asset at the Right Time
San Antonio: Corporate, Medical, Military, and Education Demand
San Antonio is the 6th largest city in the U.S. and one of the fastest-growing metros in Texas, anchored by Fortune 500 employers, a 30,000-employee medical campus, and over $7 billion in active infrastructure investment within miles of the hotel.
USAA HQ Across the Street
$156M campus renovation through 2031
South Texas Medical Center
30,000+ employees, 12 hospitals, 5M+ annual outpatient visits
Joint Base San Antonio
80,000+ active personnel, $20.5B defense economic impact
42,000 UTSA Students
5 miles away, with $500M+ in active campus investment
Property Overview
Inside Westin San Antonio North
A 19-story, 326-key full-service hotel with dual pools, multiple F&B outlets, and 24,979 SF of flexible event space anchored by a 9,867 SF ballroom. Explore the property below.
Location
The Only Full-Service Hotel in San Antonio's Premier Northwest Corridor
Westin San Antonio North sits off I-10 at 9821 Colonnade Blvd, across the street from USAA's 286-acre headquarters and minutes from Valero's HQ, South Texas Medical Center, and UTSA.
That mix of corporate, medical, military, and education demand supports year-round occupancy for the only full-service hotel in this submarket.
Property
Westin San Antonio North
9821 Colonnade Blvd, San Antonio, TX 78230
Get directions on Google MapsInvestor FAQ
Before You Review
These answers clarify how Westin San Antonio North fits into Qila Capital's broader hotel investment strategy and what investors should understand before reviewing the offering materials.
1What exactly am I investing in?+
You are investing in equity ownership of a 326-room Westin hotel in San Antonio, Texas, through a 506(c) Reg D syndication. Capital is pooled into a fund entity and allocated to a lower-tier LP entity, which holds equity in the asset alongside the General Partner.
2Is this a ground-up development project?+
No. Westin San Antonio North is an existing, operating hotel built in 1985 and converted to a Westin in 2021. The fund is acquiring an income-producing asset and funding a Marriott-approved renovation, not constructing a new building.
3Why is the location important?+
The hotel is the only full-service property in San Antonio's northwest corridor, directly across from USAA's headquarters and within miles of South Texas Medical Center, Joint Base San Antonio, and UTSA. This gives the property diversified, non-seasonal demand from corporate, medical, military, and education travelers.
4What is the minimum investment?+
The minimum investment is $350,000 for Share Class A2. Investors allocating $1,000,000 or more qualify for Share Class A1, which carries a higher targeted return.
5What returns is this opportunity targeting?+
Share Class A2 targets a 27% annualized return with a 1.36x equity multiple and 100% equity uplift. Share Class A1 targets a 35% annualized return with a 1.76x equity multiple and 140% equity uplift, both assuming a 9.5% cap rate exit. Projections are not guaranteed — review the PPM for full assumptions.
6How long is the investment expected to be held?+
The projected hold period is 3-5 years, with an optional exit through a strategic sale or refinance. Qila Capital is currently targeting a 3-year exit for this specific fund.
7Are there any management fees?+
No. The General Partner does not charge fees at the fund or asset level. Investors begin receiving distributions before the GP earns any return.
8Who can invest in this offering?+
This offering is open exclusively to accredited investors, as defined under SEC Rule 501 of Regulation D. Eligibility is generally based on income or net worth thresholds, or other measures of financial sophistication.
Last updated: June 2, 2026