# Sunrise Realty Trust Sells Thompson San Antonio Hotel for $41 Million

- URL: https://stocks.freetheai.org/news/sunrise-realty-trust-sells-thompson-san-antonio-hotel-for-41-million-54684d
- Published: 2026-10-13T12:00:00Z
- Category: company_news; sentiment: neutral; impact: medium
- Symbols: [NASDAQ:SUNS](https://stocks.freetheai.org/symbols/NASDAQ-SUNS)
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Sunrise Realty Trust, Inc. (SUNS) announced that its joint venture completed the sale of the Thompson San Antonio hotel to The Loren Group for $41.0 million. The transaction includes $9.0 million in cash from the buyer and a $32.0 million senior loan provided by the joint venture partners.

The sale allows the commercial real estate lender to exit a foreclosed asset while maintaining a financing position in the property. Sunrise Realty Trust and its affiliate originally acquired the 162-room luxury hotel in March 2026 through foreclosure under a prior senior loan. Based on its 65% stake in the joint venture, the company receives approximately $26.7 million of the purchase price, consisting of $5.9 million in cash and a $20.8 million principal interest in the new loan. This share aligns with the carrying value of its investment.

Looking ahead, The Loren Group plans to invest an additional $10 million in capital improvements over the coming months. Meanwhile, Sunrise Realty Trust and its affiliate continue to seek recovery under the former hotel sponsor's guarantee.

## Key points

- A joint venture owned by Sunrise Realty Trust sold the Thompson San Antonio hotel for $41.0 million to The Loren Group.
- The deal comprises $9.0 million in purchaser cash and a $32.0 million senior loan originated by the sellers.
- Sunrise Realty Trust holds a 65% interest in the joint venture, representing a $26.7 million share of the purchase price.
- The seller originally took ownership of the 162-room luxury property through foreclosure in March 2026.
- The Loren Group plans to spend an additional $10 million on capital expenditures for property improvements.

## Questions and answers

### What is the total sale price of the Thompson San Antonio hotel?

The Thompson San Antonio hotel was sold to The Loren Group for $41.0 million, including $9.0 million in purchaser cash and a $32.0 million senior loan.

### How much will Sunrise Realty Trust receive from the hotel sale?

Sunrise Realty Trust holds a 65% stake in the joint venture, making its share approximately $26.7 million, consisting of $5.9 million in cash and a $20.8 million interest in the senior loan.

### How did Sunrise Realty Trust acquire the Thompson San Antonio property?

Sunrise Realty Trust and its affiliate acquired the property in March 2026 through foreclosure rights under a prior senior loan.