Opening of San Antonio luxury hotel delayed due to rising costs

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Opening of San Antonio luxury hotel delayed due to rising costs
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Originally scheduled to open earlier this year, the Intercontinental Hotel San Antonio River Walk, formerly the Wyndham, will welcome guests in late 2024. SanAntonio SATX SanAntonioTX Tourism Travel Inflation

at 111 E. Pecan Street for an undisclosed price. The property, slated to feature 391 rooms and 40,000 square feet of meeting space, was initially set to open early this year.The building's owners expected to spend around $50 million on renovations, thereports. However, that cost has exploded to $158 million, and the owners tell the daily that inflation and labor shortages are to blame.

The delay is another blow to San Antonio’s downtown, which has only recovered about 63% of its pre-pandemic foot traffic,Even so, the Alamo City's tourism industry appears to be recovering much faster. In 2021, the tourism and hospitality industry

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