Sunrise Realty Trust commits $27.3M in senior loan for Thompson Hotel

Sunrise Realty Trust has committed $27.3 million of which the Company funded $25.0 million in a $42.0 million senior loan for the refinancing of the Thompson San Antonio Hotel. An affiliated entity committed the remaining $14.7 million of the total loan amount. The Sponsor is DC Partners, a Houston-based real estate development and investment firm specializing in luxury high-rise residential, mixed-use, and hospitality projects. This marks the second transaction that SUNS has completed with DC Partners. The Thompson San Antonio Hotel, located at 115 Lexington Avenue in San Antonio’s Art District, is part of a 20-story mixed-use development completed in 2020. The Project overlooks the San Antonio Riverwalk and is near attractions such as the Tobin Center for the Performing Arts. Spanning almost 140,000 square feet, the Project features 162 luxury hotel rooms and offers a range of amenities including two restaurants, a full-service spa, a gym and 5,000 square feet of conference facilities.