It comes as no surprise to the residents of San Antonio, as well as the people who work here, that San Antonio is a hot spot for all things business. With a progressive, thriving economy, which has someone managed to dodge the bullet of the recession, San Antonio enjoys an excellent labor pool, a low cost of living and a superb quality of life. In fact, San Antonio was named by Forbes as the second most recession-proof city in the United States in 2008. Just some of the factors leading to this honorable position include its strong employment and its growing industries.
Dynamic Business and Industry Continue to Drive the Region
From the military and government sectors to the manufacturing and biomedical sectors, the industries of San Antonio are a driving force behind its dynamic economy. It certainly comes as no surprise, then, that the commercial real estate market in San Antonio is alive and well. Buoyed along by the city's thriving industries and businesses, San Antonio has enjoyed a healthy commercial real estate market that has kept on chugging even when the national real estate market was struggling to keep its head above water.
Introducing the Four Points by Sheraton
A fine example of the changes taking place in San Antonio regarding its commercial real estate market is the Four Points by Sheraton, a prototype hotel set to open in Northwest San Antonio this year. Sheraton has chosen San Antonio as a home for this prototype - which is, incidentally, one of only three of these prototype hotels in North America - because San Antonio has proven, time and time again, that its industries are strong and that its economy is even stronger. The Four Points by Sheraton, which is owned by San Antonio-based Galo Properties and is managed by the DePalma Hotel Corporation, will boast 130 guest rooms and plenty of guest amenities and features. The Four Points by Sheraton is strategically located near the Shops at La Cantera and the University of Texas at San Antonio. In addition, the Four Points will be the centerpiece of Promenade Place, a multi-use commercial area of shops, restaurants and offices.