Five months after foreclosing on the Thompson San Antonio-Riverwalk hotel downtown, a lender plans to sell the luxury property for $41 million to an undisclosed buyer.
Sunrise Realty Trust said in a public filing that it has an agreement to offload the 20-story building at 115 Lexington Ave., a transaction that’s expected to close by Sept. 30.
Sunrise Realty and Southern Realty Trust, Fla.-based commercial real estate lenders that are in the process of merging, bid $40.5 million for the Thompson at Bexar County’s March foreclosure auction…