6511 W Military Dr - Hospitality FOR SALE


San Antonio, TX 78227- South San Antonio
$3,000,000 USD
281-968-5019
6511 W Military Dr, San Antonio, TX for Sale
$3,000,000 USD
Hospitality - FOR SALE
1/26
null | 8.67% Cap Rate

6511 W Military Dr
San Antonio, TX 78227
South San Antonio


HIGHLIGHTS

  • Two front buildings of La Quinta Inn by Wyndham San Antonio Lackland with Highway 90 frontage for sale
  • Easily accessible off W US Hwy 90 and Military Drive West and close to Cleto Rodriguez Freeway 90.
  • The first building spans 5,556 square feet and the second building spans 4,606 square feet.
  • The first building is a 32-keys with 28 king and four double -bed guestrooms, the second is also a 32-key with two king and 30 double-bed guestrooms.

OVERVIEW

Seth Equities is pleased to present a unique opportunity to acquire 64 rooms of the 177-room La Quinta Inn by Wyndham San Antonio Lackland, strategically located adjacent to Lackland Air Force Base, one of the largest military training bases in the country. This offering represents a prime repositioning opportunity for an owner-operator looking to enter or expand within the economy lodging sector. Rebranding Opportunity: The available 64-room inventory provides an excellent foundation for a value-driven economy hotel with minimal upfront capital required. Economy Market Position: The Lackland submarket is well-suited for economy-focused accommodations. It boasts a $28 RevPAR, providing ample room for performance growth and repositioning strategies. Financial upside and projections: Current market ADR: $50–$55, occupancy potential: 55%–60%, projected year 1 RevPAR: ~$30, achieving market-average growth, stabilized NOI: $250,000–$300,000 achievable by repositioning and increasing operational efficiencies. Upside through Capital Improvements: Light renovations could elevate ADR to $60+ while maintaining strong demand in this budget-conscious market. Lackland Air Force Base generates consistent demand from military trainees, families, and government contractors. Tourism and local business activities are strong with proximity to Downtown San Antonio, SeaWorld, and other local attractions. There are steady market fundamentals as San Antonio’s economy continues to expand, driving demand for affordable lodging. This offering is ideal for an entrepreneurial operator looking to rebrand and maximize operating income in a high-demand market. For additional information, including financials and property details, please contact Seth Equities. The owner will sell the property via metes & bounds.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$50 USD /SF

# OF ROOMS

177

PRICE/ROOM

$16,949 {currency}

CAP RATE

8.67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn by Wyndham San Antonio Lackland

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1975

PARKING SPACES

172

LAND DETAILS

LAND ACRES

6.48 AC

LAND SF

282,134 SF

ZONING

B-3

APN/PARCEL ID

15602-000-0520

ASK ABOUT THIS PROPERTY

Rorik SethSeth EquitiesMore Info
281-968-5019

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

Rorik SethSeth EquitiesMore Info
281-968-5019

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