Clarion Pointe
4803 Manitou Drive
San Antonio, TX 78228
Highlights
- 122 Room Clarion Pointe
- 46,136+- SF Building Situated on 1.63 Acres
- Turn-Key Operation - PIP Renovations Completed in 2022
- Building & Signage Visibility from Interstate 410 (Connally Loop)
- Unencumbered by Management Allowing for Repositioning
- Upside Potential - ADR & RevPAR Below Competitive Set
- Past 3-Year Average Revenue of Over $2.3M
- 8 Miles from San Antonio International Airport
- 2 Miles from Medical Center Corridor
- High End Resort, Entertainment & Shopping Area
Description
NAI Capital and NAI Robert Lynn are pleased to offer exclusively for sale the fee-simple interest in the 122-key Clarion Pointe, located in the San Antonio Northwest/Sea World submarket. This is an interior corridor, midscale limited-service hotel built in 1986 and renovated in 2022. The property consists of a 5-story 46,536 SF building situated on 1.63 acres. Common area amenities include a breakfast area, outdoor swimming pool, fitness room, business center and sundries counter.
In 2022, the ownership completed the required PIP to convert from a Best Western to Choice's Clarion Pointe brand. The renovation included a wide array of upgrades ranging from the exterior driveways, pool deck, front desk and to room interiors. The work cost totaled almost $800K, which ensures that a new owner will not have further capital expenditures in the foreseeable future.
The city of San Antonio, as the number one most visited city in Texas, boasts a reputation as a high-end resort and shopping area with family friendly destinations like Six Flags Fiesta Texas, Legoland, San Antonio Zoo, Natural Bridge Caverns and Sea World. The Clarion Pointe is located near the Medical Center corridor and benefits from University Hospital, Audie L. VA Medical Center and UT Health.
San Antonio (Spanish for "Saint Anthony"), officially the City of San Antonio, is a city in the U.S. state of Texas and the most populous city in Greater San Antonio, the third-largest metropolitan area in Texas and the 24th-largest metropolitan area in the United States at 2.6 million people in the 2020 US census. It is the most populous city in and the county seat of Bexar County. The city is the seventh-most populous in the United States, the second-largest in the Southern United States, and the second-most populous in Texas after Houston.
Founded as a Spanish mission and colonial outpost in 1718, the city in 1731 became the first chartered civil settlement in what is now present-day Texas. The area was then part of the Spanish Empire. From 1821 to 1836, it was part of the Mexican Republic. It is the oldest municipality in Texas, having celebrated its 300th anniversary on May 1, 2018.
Straddling the regional divide between South and Central Texas, San Antonio anchors the southwestern corner of an urban megaregion colloquially known as the Texas Triangle. Downtown Austin and Downtown San Antonio are approximately 80 miles (129 km) apart, and both fall along the Interstate 35 corridor. This combined metropolitan region of San Antonio–Austin has approximately 5 million people.
