Corebridge Real Estate Investors sold two Aloft hotels in Texas at the end of March, marking the completion of a hotel portfolio it purchased ten years ago. The company finalized the sale of Aloft San Antonio Airport to Armanda Investments LP on March 25 and sold Aloft Las Colinas in Irving to TRH Hospitality Las Colinas Realty LLC on March 24, according to public records and a press release issued April 9.
The transaction is significant as it closes out Corebridge’s holdings from a group of four Aloft properties acquired in 2015. The remaining two hotels in Plano and Frisco were sold last year to Touchstone Hospitality Fund.
The San Antonio property has 141 rooms and is located near the San Antonio International Airport, which is undergoing a $2.5 billion expansion project set for completion by mid-2028. The buyer, Armanda Investments LP—owned by Julio Grana Jr.—also owns CRJ Hospitality LLC based in Brownsville and operates several other hotels in the Rio Grande Valley. Public records show that Armanda borrowed $10.7 million for this purchase; however, the final sale price was not disclosed.
The hospitality market in San Antonio has faced recent challenges. In the fourth quarter of 2025, hotel occupancy dropped by five percent compared to the previous year while revenue fell seven percent to approximately $342 million—the steepest decline among major cities within Texas’s Triangle region.
Aloft Las Colinas features 136 rooms and was acquired by TRH Hospitality Las Colinas Realty LLC, linked to Jerry Crenshaw Jr., founder of Rochester Real Estate based in Colleyville. Like its counterpart, details regarding its sale price remain undisclosed.
According to Hunter Advisors Senior Vice President Kami Burnette and Vice President Mason McDavid—who brokered both deals—the new owner plans a property improvement plan for Aloft San Antonio Airport as required by Marriott brand standards.
