Corebridge Real Estate Investors has officially checked out of its Aloft run in Texas, unloading two branded hotels and closing the book on a four-property portfolio it picked up in 2015. Aloft San Antonio Airport and Aloft Las Colinas in Irving both changed hands in late March, passing from a big institutional owner to regional hotel operators who now inherit renovation needs and a softer San Antonio market.
Sale details and new owners
According to The Real Deal, Corebridge sold Aloft San Antonio Airport at 838 Northwest Loop 410 to Armanda Investments LP on March 25. The outlet, citing public records, notes the San Antonio asset is a 141-room hotel built in 2009, and those records show the buyer borrowed roughly $10.7 million to close the deal. The Real Deal also reports that the San Antonio buyer plans to carry out a Marriott-required property improvement plan as part of the ownership change.
The previous day, on March 24, Corebridge sold Aloft Las Colinas at 122 East John Carpenter Freeway to TRH Hospitality Las Colinas Realty LLC, according to the same outlet. With both transactions wrapped, Corebridge is now out of the Aloft portfolio it amassed more than a decade ago.
Las Colinas sale and buyer group
Industry reports state that Hunter Advisors led the marketing and sale of the Las Colinas hotel, which counts 136 rooms and was pitched to investors as a yield play. Hotel Management highlighted broker comments that strong in-place cash flow helped drive interest among prospective buyers.
CoStar reports the Las Colinas property traded for roughly $20.25 million and was acquired by a partnership that included Rochester Real Estate Group and Twinrose. That mix of local and regional players lines up with a broader pattern of smaller owner-operators snapping up branded select-service hotels.
San Antonio asset, airport link and renovations
Marriott’s listing for Aloft San Antonio Airport confirms the property’s address at 838 NW Loop 410 and notes that it sits only a few miles from San Antonio International Airport. The airport’s Elevate/SAT terminal development - described as a multi-billion-dollar effort that will add new gates and passenger space by mid-2028 - is factored into long-term demand projections for nearby hotels, according to officials.
For the new San Antonio owner, that future airport buildout sits alongside more immediate work: moving ahead with the property improvement plan required by Marriott while trying to steady performance in a choppy local market.
Market context: why Corebridge moved
San Antonio’s hotel metrics have cooled. Recent reporting shows room nights, occupancy and revenue slipped in late 2025, leaving both downtown and airport-area properties chasing a smaller pool of customers. The Real Deal summarized Source Strategies data that pegged fourth-quarter 2025 occupancy at about 59 percent, with hotel revenue down roughly 7 percent year over year, conditions that likely played into Corebridge’s timing.
For Corebridge, these latest transactions complete an exit that started with earlier sales from the same four-property package. For the buyers, the job now is more hands-on: fund renovations, execute Marriott’s upgrade requirements and tinker with operations in hopes of lifting occupancy. The focus will be on pulling more consistent business from corporate travelers and airport traffic as they try to smooth out the bumps in the months ahead.
