Baymont by Wyndham San Antonio South Park
7202 Interstate 35 S
San Antonio, TX 78224
Highlights
- 122 guestrooms offered at under $37,000 per key
- Ideal for Multi-Family / Apartment Conversion
- Offered at 6.2% current cap rate
- Offered below replacement cost
- Partially renovated in 2022
- Excellent visibility from Interstate 35 (I-35) in high traffic area
- Near popular downtown attractions
- 9-minute drive from Lackland Air Force Base
- 17-minute drive from San Antonio International Airport (SAT)
- Owner Absentee Property. Potential for owner-operator to increase revenue.
Description
Tabani Realty is pleased to present the 122 key, Baymont Inn by Wyndham in San Antonio, Texas. The limited-service hotel is located directly off Interstate 35 on the South side of San Antonio. The hotel has an overall living space of 44,716 SF across 2 floors and was last renovated in 2022.
The Baymont Inn is a 7-minute drive from the Downtown San Antonio Riverwalk, a 6-minute drive to the Alamo, and a 7-minute drive to the Tower of Americas. Other attractions such as the San Antonio Zoo, the San Antonio Botanical Gardens, and the AT&T Center are all under a 15-minute drive from the hotel.
The City of San Antonio maintains a strong financial position with a “AAA” general obligation bond rating from all three major rating agencies (the only city with more than 1 million people). The Milken Institute has ranked San Antonio No. 1 on its Best-Performing Cities list. As the seventh-largest city in the United States, San Antonio is experiencing solid economic growth over the years, making it one of the fastest-growing cities in the United States.
The city is known for its business-friendly environment and low cost of doing business. They offer various incentives and programs (Industry Development Division, Business Retention & Expansion Program, Global Engagement Division, and Small Business Division) to attract and support businesses, including tax abatements, grants, and workforce development initiatives.
San Antonio's location in Texas provides access to major transportation routes, including highways, railways, and an international airport. This makes it a logistical hub for various industries, including distribution, manufacturing, and logistics. The city's location and infrastructure are advantageous for companies seeking to establish or expand their operations, driving demand for commercial real estate. The city offers a competitive cost of living, reasonable property prices, and favorable tax rates, which can enhance the potential returns on commercial real estate investments.
