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Hotel-Motel

Holiday Inn Express & Suites San Antonio South

11400 S East Loop 410, San Antonio, TX 78221

Listing Price: $6,900,000

Cap Rate
6.29%
Number of Rooms
66
RevPAR
$72
Price/Room
$104,545
RRM
3.98
Year Built
2008

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Holiday Inn Express & Suites San Antonio South (‘Hotel’ or ‘Property’). The IHG-branded Hotel is offered at $6,900,000 or $104,545 per key. The Holiday Inn Express & Suites San Antonio South is located at 11400 SE Loop 410 in San Antonio, Texas, at the intersection of Interstate 410 and Roosevelt Avenue. The 66-room, interior corridor, three-story building was built in 2008 and stretches 1.88 acres. With approximately, 41,000 square feet between three floors, the Property maintains a plethora of common area amenities including an outdoor pool with a jacuzzi, breakfast area, guest laundry facility, business center, fitness center, and 1,425 square feet of meeting space. The seventh most populous city in the United States and the second-most populous in Texas, San Antonio is located in Bexar County within the San Antonio metropolitan statistical area. An economic powerhouse, the city of San Antonio has improved largely from gains in housing, manufacturing, and development of the Eagle Ford shale. The Eagle Ford Shale deposit has contributed to the diversification of jobs in the energy sector. Valero’s corporate headquarters are here, as well as NuStar Energy, Halliburton, NOV, Baker-Hughes, and Tesoro. Boasting above-average population gains, the city benefits greatly from the presence of significant energy resources in nearby areas and lower costs of doing business. Factored into the affordability of housing in the area and increased manufacturing presence have contributed to San Antonio’s above-average overall performance. Top employers in the city include Lackland Air Force Base, Methodist Hospital System, USAA, Baptist Health System, and the University of Texas Health Science Center. Another major economic contributor to the city is both the Palo Alto College and Texas A&M – San Antonio, both of which maintain world-class swimming facilities and provide a bounty of events during the spring. The completion of the Frost Tower will mark an iconic addition to the downtown skyline of San Antonio. The 24-story, 460,000-square-foot building will consist of Class A++ office and retail space surrounded by beautiful parks and a walkable, urban environment. San Antonio’s expanding commercial landscape has contributed to the staggering projection that Bexar County stands to gain 1.1 million new residents by 2040. Other demand generators include the nearby Toyota manufacturing plant and the Texas Engineering Extension Services, a major training facility for Safety, OSHA, and the Federal Government. San Antonio is also buzzing with entertaining attractions that drive tourism, a significant contributor to the city’s economy. Such attractions include the San Antonio River Walk (8.9 mi), the Alamo (7.4 mi), SeaWorld San Antonio (21.7 mi), Six Flags Fiesta Texas (23.5 mi), San Antonio Museum of Art (10 mi), and Schlitterbahn (39.7 mi). Furthermore, the San Antonio International Airport is 25 minutes from the Holiday Inn Express & Suites San Antonio South. Through the twelve-month period ending March 2022, the limited-service Hotel recorded over $1.73 million and a net operating income of over $433.9 thousand or 24.9 percent of total revenues, after a four percent capital replacement reserve and three percent management fee. Twelve-month May RevPAR in the San Antonio South hotel submarket climbed at a 52.2 percent year-over-year rate and in the broader San Antonio market, RevPAR increased at a rate of 86.8 percent. A new investor can expect the hospitality demand in the market to continue growing as San Antonio led the United States with the highest numerical gain of people between 2020 and 2021.

Investment Highlights

  • Four-Story, 66-Room, Upper-Midscale, InterContinental Hotels Group-Branded Hotel within the San Antonio Metropolitan Statistical Area
  • Ideal Location, with High Visibility, Off Interstate 410 and Highway 281
  • Prominent Nearby Employers Include Lackland Air Force Base, Methodist Hospital System, USAA, Baptist Health System, and the University of Texas Health Science Center
  • San Antonio South Submarket Twelve-Month RevPAR Trending Upwards at 52.2 Percent Year-Over-Year

Exclusively Listed By

Hotel-Motel

Holiday Inn Express & Suites San Antonio South

Listing Price: $6,900,000

Cap Rate
6.29%
Number of Rooms
66
RevPAR
$72
Price/Room
$104,545
RRM
3.98
Year Built
2008

Investment Highlights

  • Four-Story, 66-Room, Upper-Midscale, InterContinental Hotels Group-Branded Hotel within the San Antonio Metropolitan Statistical Area
  • Ideal Location, with High Visibility, Off Interstate 410 and Highway 281
  • Prominent Nearby Employers Include Lackland Air Force Base, Methodist Hospital System, USAA, Baptist Health System, and the University of Texas Health Science Center
  • San Antonio South Submarket Twelve-Month RevPAR Trending Upwards at 52.2 Percent Year-Over-Year

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Holiday Inn Express & Suites San Antonio South (‘Hotel’ or ‘Property’). The IHG-branded Hotel is offered at $6,900,000 or $104,545 per key. The Holiday Inn Express & Suites San Antonio South is located at 11400 SE Loop 410 in San Antonio, Texas, at the intersection of Interstate 410 and Roosevelt Avenue. The 66-room, interior corridor, three-story building was built in 2008 and stretches 1.88 acres. With approximately, 41,000 square feet between three floors, the Property maintains a plethora of common area amenities including an outdoor pool with a jacuzzi, breakfast area, guest laundry facility, business center, fitness center, and 1,425 square feet of meeting space. The seventh most populous city in the United States and the second-most populous in Texas, San Antonio is located in Bexar County within the San Antonio metropolitan statistical area. An economic powerhouse, the city of San Antonio has improved largely from gains in housing, manufacturing, and development of the Eagle Ford shale. The Eagle Ford Shale deposit has contributed to the diversification of jobs in the energy sector. Valero’s corporate headquarters are here, as well as NuStar Energy, Halliburton, NOV, Baker-Hughes, and Tesoro. Boasting above-average population gains, the city benefits greatly from the presence of significant energy resources in nearby areas and lower costs of doing business. Factored into the affordability of housing in the area and increased manufacturing presence have contributed to San Antonio’s above-average overall performance. Top employers in the city include Lackland Air Force Base, Methodist Hospital System, USAA, Baptist Health System, and the University of Texas Health Science Center. Another major economic contributor to the city is both the Palo Alto College and Texas A&M – San Antonio, both of which maintain world-class swimming facilities and provide a bounty of events during the spring. The completion of the Frost Tower will mark an iconic addition to the downtown skyline of San Antonio. The 24-story, 460,000-square-foot building will consist of Class A++ office and retail space surrounded by beautiful parks and a walkable, urban environment. San Antonio’s expanding commercial landscape has contributed to the staggering projection that Bexar County stands to gain 1.1 million new residents by 2040. Other demand generators include the nearby Toyota manufacturing plant and the Texas Engineering Extension Services, a major training facility for Safety, OSHA, and the Federal Government. San Antonio is also buzzing with entertaining attractions that drive tourism, a significant contributor to the city’s economy. Such attractions include the San Antonio River Walk (8.9 mi), the Alamo (7.4 mi), SeaWorld San Antonio (21.7 mi), Six Flags Fiesta Texas (23.5 mi), San Antonio Museum of Art (10 mi), and Schlitterbahn (39.7 mi). Furthermore, the San Antonio International Airport is 25 minutes from the Holiday Inn Express & Suites San Antonio South. Through the twelve-month period ending March 2022, the limited-service Hotel recorded over $1.73 million and a net operating income of over $433.9 thousand or 24.9 percent of total revenues, after a four percent capital replacement reserve and three percent management fee. Twelve-month May RevPAR in the San Antonio South hotel submarket climbed at a 52.2 percent year-over-year rate and in the broader San Antonio market, RevPAR increased at a rate of 86.8 percent. A new investor can expect the hospitality demand in the market to continue growing as San Antonio led the United States with the highest numerical gain of people between 2020 and 2021.

Exclusively Listed By

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