JW Marriott Hill Country Resort south of Austin sells for nearly $650 million


The Blackstone Group LP, a multinational private equity firm, has bought the JW Marriott San Antonio Hill Country Resort & Spa on San Antonio's North Side for just under $650 million, according to Real Estate Alert.

The price for the 1,002-room hotel, golf course and resort — on a 644-acre site — comes out to nearly $650,000 per room, making it easily the largest single real estate purchase in San Antonio this year.

The property, which opened in 2010, was quoted as being a $600 million project…

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