Econo Lodge San Antonio | 9503 N Interstate 35
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Econo Lodge San Antonio 9503 N Interstate 35
113 Room Hotel San Antonio, TX 78233 £2,574,261 (£22,781/Room) 2.77% Net Initial Yield
Investment Highlights
- Underperforming asset offering upside for hands-on management
- Located on high-traffic I-35
- 14-minute drive from the Alamodome - Home of San Antonio's NBA team, The Spurs
- Absentee managed
- 10-minute drive from San Antonio Airport
- 15-minute drive from Downtown Riverwalk & The Alamo
Executive Summary
Tabani Realty is pleased to present the Econo Lodge in San Antonio, Texas, located directly on I-35 in the Northeast Submarket of San Antonio. The hotel asset has 113 guestrooms in varying room types and is listed at $35,300 per key. The Econo Lodge is positioned in a high-traffic area with a 10-minute drive from the San Antonio Airport and a 15-minute drive from Downtown San Antonio.
The Econo Lodge is underperforming due to absentee management, offering upside potential for a more hands-on operator.
San Antonio’s Econo Lodge is positioned in a high-traffic area with a 10-minute drive from the San Antonio Airport and a 15-minute drive from Downtown San Antonio. The surrounding community has continued to experience strong population growth and household formation, with a projected population increase of 7.36% from 2022 to 2027. Immediately surrounding the subject property is mostly warehouse retail, but within a 5-minute radius, there are numerous customer-attracting anchors. Such as Morgan’s Wonderland complex which is right down the street and consists of a theme park, bay water park, and sports complex. There is also the SA Beast, a regional high-performance soccer training facility that attracts many athletes to the area. Hospitality is San Antonio’s third largest industry, representing $16.2 billion annually in economic impact. The city welcomes 31 million overnight visitors every year.
The Econo Lodge is underperforming due to absentee management, offering upside potential for a more hands-on operator.
San Antonio’s Econo Lodge is positioned in a high-traffic area with a 10-minute drive from the San Antonio Airport and a 15-minute drive from Downtown San Antonio. The surrounding community has continued to experience strong population growth and household formation, with a projected population increase of 7.36% from 2022 to 2027. Immediately surrounding the subject property is mostly warehouse retail, but within a 5-minute radius, there are numerous customer-attracting anchors. Such as Morgan’s Wonderland complex which is right down the street and consists of a theme park, bay water park, and sports complex. There is also the SA Beast, a regional high-performance soccer training facility that attracts many athletes to the area. Hospitality is San Antonio’s third largest industry, representing $16.2 billion annually in economic impact. The city welcomes 31 million overnight visitors every year.
Property Facts
Price | £2,574,261 | Building Size | 30,464 SF |
Price Per Room | £22,781 | No. Rooms | 113 |
Sale Type | Investment | Number of Floors | 2 |
Net Initial Yield | 2.77% | Year Built | 1973 |
Property Type | Hospitality | Parking Ratio | 3.71/1,000 SF |
Property Subtype | Hotel | Corridor | Exterior |
Building Class | C | Opportunity Zone |
Yes
|
Lot Size | 1.70 AC |
Price | £2,574,261 |
Price Per Room | £22,781 |
Sale Type | Investment |
Net Initial Yield | 2.77% |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 1.70 AC |
Building Size | 30,464 SF |
No. Rooms | 113 |
Number of Floors | 2 |
Year Built | 1973 |
Parking Ratio | 3.71/1,000 SF |
Corridor | Exterior |
Opportunity Zone |
Yes |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wi-Fi
- Smoke-Free
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 113 | £48.51 | - |
PROPERTY TAXES
Parcel Number | 14043-002-0051 | Improvements Assessment | £994,815 |
Land Assessment | £471,786 | Total Assessment | £1,466,601 |
PROPERTY TAXES
Parcel Number
14043-002-0051
Land Assessment
£471,786
Improvements Assessment
£994,815
Total Assessment
£1,466,601
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Econo Lodge San Antonio | 9503 N Interstate 35
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