102 Spencer Ln - Hospitality FOR SALE


San Antonio, TX 78201
$7,750,000 USD
818-851-3315
102 Spencer Ln, San Antonio, TX for Sale
$7,750,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

102 Spencer Ln
San Antonio, TX 78201


HIGHLIGHTS

  • 80 Room, 4-Stories, Built in 2008, Renovated to Formula Blue Design
  • $1.78M 3-Year Average Revenue
  • Opportunity to Invest in one of the Largest and Fastest Growing Markets in the U.S.
  • Minutes to Downtown San Antonio and San Antonio International Airport
  • Excellent Visibility Along Interstate 10
  • Absentee Ownership

OVERVIEW

The Holiday Inn Express & Suites is an 80 room, 4-story, renovated hotel just minutes from downtown San Antonio, Texas. The hotel was built in 2008 and is renovated to IHG's Formula Blue design including updated guestrooms, lobby, breakfast area, and fitness center. The business is stabilized with 3-year average revenue of approximately $1.78M. Ownership is absentee presenting opportunities to improve the business under new ownership. San Antonio is the 7th largest city in the U.S. with over 1.5 million residents and drawing over 37 million visitors annually. It is also one of the fastest growing markets in the country with more people moving to San Antonio than any other city in the U.S. in 2023. The hotel has excellent visibility along Interstate 10 and offers convenient access to many nearby demand generators including: South Texas Medical Center (STMC) one of the largest employers in San Antonio, USAA Bank Headquarters, Fort Sam Houston military base, and popular tourist attractions such as The Alamo and River Walk. Please contact us if you have further interest in this opportunity. ALL PROPERTY VISITS ARE BY APPOINTMENT ONLY. Please contact broker to make arrangements. Please do not contact the hotel or staff.

FOR SALE DETAILS

PRICE

$7,750,000 USD

PRICE/SF

$172 USD /SF

# OF ROOMS

80

PRICE/ROOM

$96,875 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn Express & Suites San Antonio NW

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

C-3

APN/PARCEL ID

08410-000-0270

ASK ABOUT THIS PROPERTY

Oliver CooperAmber Hotel CompanyMore Info
818-851-3315

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Oliver CooperAmber Hotel CompanyMore Info
818-851-3315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.