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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.

Property Facts

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

PROPERTY TAXES

Parcel Number
14043-002-0051
Land Assessment
£471,786
Improvements Assessment
£994,815
Total Assessment
£1,466,601
  • Listing ID: 29044158

  • Date on Market: 19/07/2023

  • Last Updated:

  • Address: 9503 N Interstate 35, San Antonio, TX 78233

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