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Hotel-Motel

La Quinta Inn & Suites San Antonio Medical Center NW

4431 Horizon Hill Blvd, San Antonio, TX 78229

Listing Price: $21,000,000

Cap Rate
8.55%
Number of Rooms
168
RevPAR
$80
Gross SF
101,474
Price/Room
$125,000
RRM
4.27
Price/Gross SF
$206.95
Year Built
2007

Investment Overview

Building Attributes: The La Quinta Inn & Suites San Antonio Medical Center NW is a concrete and steel frame-built Hotel with 168-rooms, comprised of both king bedrooms, double queen bedrooms, and extended-stay suites. Hotel amenities feature a fitness center, outdoor pool, business center, laundry facilities, and five meeting rooms totaling 10,000-square-feet of meeting and event space. Recently Renovated: Current ownership has pridefully maintained the limited-service Hotel and completed multiple renovations over the last 36 months, such as new carpets in all rooms, new case goods in 70 king rooms and all suites, 48 new PTAC units, new lock systems for all rooms, two new ice machines, one new van, and new lobby furniture. Prime Location with Easy Access to Market Demand Generators: The Property is situated, with excellent visibility, off Interstate 10. This ideal location allows easy access to multiple demand generators in the vicinity including the Medical Center in San Antonio (0.6 miles), the historic Riverwalk and the Alamo (9.6 miles), Six Flags Fiesta Texas (8.2 miles), SeaWorld San Antonio (14.2 miles), the University of Texas at San Antonio (7.0 miles), University of Texas Health and Science Center at San Antonio (1.7 miles), and Camp Bullis Army Base (11.7 miles). Strategic Airport Location: The San Antonio International Airport, with an average of 260 daily departures, is only 6.6 miles from the subject Property. In 2024, the San Antonio International Airport will begin a $2.5 billion expansion, with a scheduled finish date of 2028. The expansion will include a new 17-gate terminal, five new gates, a parking garage, and a ground transportation center. Significant Top-Line Revenue: The Property has a historical RevPAR averaging more than $80, achieving revenues above $4.92 million through the twelve-month period ending April 2022. Spurs Sports & Entertainment Development: The Spurs Sports & Entertainment has begun preparations to develop a $510.8 million sustainable, mixed-use development less than ten miles from the La Quinta Inn & Suites. This project is expected to employ over 1,700 full-time employees and attract thousands of visitors for gatherings and events. Clean Offering: The Property is Fee Simple Real Estate and clear of existing management contracts.

Investment Highlights

  • Eight-Story, 168-Room, Limited-Service Hotel Constructed with Concrete and Steel Frame
  • High-Quality Construction Favorably Built with Concrete and Steel Frame
  • Offered at an Attractive 8.55 Percent Cap Rate at $125,000 Per Key
  • Highly Visible and Easily Accessible from Interstate 10
  • Situated Less than Ten Miles from the Medical Center in San Antonio, Historic Riverwalk District, Six Flags Fiesta Texas, the Alamo, and the University of Texas at San Antonio
  • Significant Top Line Revenues over $4.92 Million in the Trailing-Twelve Month April 2022 Period
  • Offered Fee Simples, Unencumbered by Management Contract

Exclusively Listed By

Hotel-Motel

La Quinta Inn & Suites San Antonio Medical Center NW

Listing Price: $21,000,000

Cap Rate
8.55%
Number of Rooms
168
RevPAR
$80
Gross SF
101,474
Price/Room
$125,000
RRM
4.27
Price/Gross SF
$206.95
Year Built
2007

Investment Highlights

  • Eight-Story, 168-Room, Limited-Service Hotel Constructed with Concrete and Steel Frame
  • High-Quality Construction Favorably Built with Concrete and Steel Frame
  • Offered at an Attractive 8.55 Percent Cap Rate at $125,000 Per Key
  • Highly Visible and Easily Accessible from Interstate 10
  • Situated Less than Ten Miles from the Medical Center in San Antonio, Historic Riverwalk District, Six Flags Fiesta Texas, the Alamo, and the University of Texas at San Antonio
  • Significant Top Line Revenues over $4.92 Million in the Trailing-Twelve Month April 2022 Period
  • Offered Fee Simples, Unencumbered by Management Contract

Investment Overview

Building Attributes: The La Quinta Inn & Suites San Antonio Medical Center NW is a concrete and steel frame-built Hotel with 168-rooms, comprised of both king bedrooms, double queen bedrooms, and extended-stay suites. Hotel amenities feature a fitness center, outdoor pool, business center, laundry facilities, and five meeting rooms totaling 10,000-square-feet of meeting and event space. Recently Renovated: Current ownership has pridefully maintained the limited-service Hotel and completed multiple renovations over the last 36 months, such as new carpets in all rooms, new case goods in 70 king rooms and all suites, 48 new PTAC units, new lock systems for all rooms, two new ice machines, one new van, and new lobby furniture. Prime Location with Easy Access to Market Demand Generators: The Property is situated, with excellent visibility, off Interstate 10. This ideal location allows easy access to multiple demand generators in the vicinity including the Medical Center in San Antonio (0.6 miles), the historic Riverwalk and the Alamo (9.6 miles), Six Flags Fiesta Texas (8.2 miles), SeaWorld San Antonio (14.2 miles), the University of Texas at San Antonio (7.0 miles), University of Texas Health and Science Center at San Antonio (1.7 miles), and Camp Bullis Army Base (11.7 miles). Strategic Airport Location: The San Antonio International Airport, with an average of 260 daily departures, is only 6.6 miles from the subject Property. In 2024, the San Antonio International Airport will begin a $2.5 billion expansion, with a scheduled finish date of 2028. The expansion will include a new 17-gate terminal, five new gates, a parking garage, and a ground transportation center. Significant Top-Line Revenue: The Property has a historical RevPAR averaging more than $80, achieving revenues above $4.92 million through the twelve-month period ending April 2022. Spurs Sports & Entertainment Development: The Spurs Sports & Entertainment has begun preparations to develop a $510.8 million sustainable, mixed-use development less than ten miles from the La Quinta Inn & Suites. This project is expected to employ over 1,700 full-time employees and attract thousands of visitors for gatherings and events. Clean Offering: The Property is Fee Simple Real Estate and clear of existing management contracts.

Exclusively Listed By

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