Holiday Inn Express & Suites San Antonio NW 102 Spencer Ln
80 Room Hotel San Antonio, TX 78201 $7,250,000 ($90,625/Room)



INVESTMENT HIGHLIGHTS
- 80 Room, 4-Stories, Built in 2008, Renovated to Formula Blue Design
- Opportunity to Invest in one of the Largest and Fastest Growing Markets in the U.S.
- Excellent Visibility Along Interstate 10
- $1.78M 3-Year Average Revenue
- Minutes to Downtown San Antonio and San Antonio International Airport
- Absentee Ownership
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Price | $7,250,000 |
Price Per Room | $90,625 |
Sale Type | Investment |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | B |
Lot Size | 1.27 AC |
Building Size | 45,128 SF |
No. Rooms | 80 |
No. Stories | 4 |
Year Built/Renovated | 2008/2020 |
Tenancy | Single |
Corridor | Interior |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
ROOM MIX INFORMATION
DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
---|---|---|---|
Suite | 25 | $115.00 | - |
Guest Room | 55 | $105.00 | - |
1 of 1
PROPERTY TAXES
Parcel Number | 08410-000-0270 | Improvements Assessment | $3,484,150 |
Land Assessment | $665,850 | Total Assessment | $4,150,000 |
ZONING
Zoning Code | C-3 (General Commercial District) |