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Galo Salts $200M Project With 129-Room Hotel

CIBOLO, TX-Galo's Cibolo Town Center gets the nod from Choice Hotels International as its second site in Central Texas. It's the only hotel tract in the 77-acre project.

By Connie Gore and Amy Wolff Sorter | Updated on February 04, 2008

CIBOLO, TX-Galo Properties will build a 129-room Cambria Suites Hotel on the only hotel site in the 77-acre Cibolo Town Center, an estimated $200-million project for the city’s only piece of Interstate 35 frontage. The town center plan has been on the drawing about 18 months.

The Cibolo Town Center site shores up a development deal for two hotels between the San Antonio-based developer and Cambria Suites’ parent, Choice Hotels International Inc. of Silver Springs, MD. The hotelier bought a 2.06-acre tract at Broadway and Loop 410 beside San Antonio’s Medical Center last year after its preferred developer took a bye, according to Walter G. Busby, Galo’s president and COO.

Busby tells GlobeSt.com that Choice Hotels’ executive team approached Galo about the 129-key hotel project in San Antonio’s north central submarket, but also said they wanted at least one more hotel in Central Texas. That’s when the developer laid the Cibolo Town Center site plan on the hotel company’s desk. The incentive was a hard corner at 177031 Interstate 35 North and Weiderstein Road, which will be renamed to Cibolo Parkway.

Hotel: Blue Tract

Galo’s plan is to break ground toward the end of year on the town center’s first phase–the hotel and a to-be named, 174,000-sf retail project on 23.6 acres. Busby says the town center at build-out will have 600,000 sf to 800,000 sf of retail. The team is courting a theater, restaurants and national retailers for the development.

Busby says the retail leasing team has yet to be picked. Until then, he says “we’re just responding to users.”

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