HOTEL DEVELOPER ANNOUNCED FOR ƒILAN

SAN ANTONIO — CB Richard Ellis Hotels Group (CBRE) has assisted in securing a developer for the hotel portion of Éilan, a 120-acre mixed-use project currently under development in the La Cantera neighborhood of San Antonio. Through an RFP, CBRE helped bring aboard Park City, Utah-based Gemstone Hotels & Resorts to develop an approximately 200-room, boutique hotel on the site. Bert Stevens and Lisa Hankamer of CBRE helped negotiate the agreement. Upon completion, Éilan will contain 1.5 million square feet of new development, including two Class A office buildings totaling more than 200,000 square feet, approximately 1,400 upscale residential units, 30,000 square feet of boutique retail space, a chapel, an amphitheater, a specialty grocer and the hotel component. The project is being developed by Wereldhave USA, a division of Wereldhave Belgium.