Industry NewsPlacemakr Launches First Blended Apartment-Hotel Property

Placemakr Launches First Blended Apartment-Hotel Property

WASHINGTON—Placemakr announced the continuation of its national expansion with the launch of its first blended apartment-hotel property in San Antonio, Texas. The Maverick, powered by Placemakr, will be the first of its kind in San Antonio, providing its guests and residents with a single-use multifamily building and a blended experience with home and hotel within a single building. Placemakr is partnering with AREA Real Estate to bring this product offering to the state of Texas.

The Maverick, powered by Placemakr is adjacent to San Antonio’s Riverwalk and the Alamo. Its location provides guests and residents with access to a collection of restaurants, shops, nightlife, and more. The building houses 86 apartments, all of which will be fully furnished and offered for short-, medium-, and long-term stays, equipped with kitchens and on-floor laundry. The property offers amenities like a rooftop penthouse for private events, guest lounges, and plans for a gym. There is also office and conference space available near the property for corporate guests and residents. The property will be available for booking by the end of 2023.

“We’re thrilled to be partnering with Placemakr to merge its innovative and signature experience with the iconic history of The Maverick,” said David Adelman, principal at AREA Real Estate. “We’re always looking for ways to provide innovative solutions in commercial real estate. This partnership is the ideal solution to modernize this historic property and meet the rising demand in the San Antonio area.”

“These are exciting times for Placemakr, as it represents our commitment to bringing our signature experience across the country,” said Jason Fudin, CEO of Placemakr. “We’re invested in innovation in the hospitality space and believe that this blended experience of apartment and hotels is the future of the industry. We’re excited to continue our expansion while simultaneously bringing in top talent to our c-suite to ensure that the experience we deliver is best in class.”

Placemakr also expanded its internal operations with the appointment of its first company Chief Operating Officer, Ryan Rickabaugh. In his position, Rickabaugh will oversee all commercial and property operations for the organization. Before joining Placemakr as senior vice president of operations in 2022, Rickabaugh had over a decade of experience working for top retail brands like L’Oreal, Kate Spade, and Bonobos.