Econo Lodge San Antonio
9503 N Interstate 35
San Antonio, TX 78233
Highlights
- Underperforming asset offering upside for hands-on management
- Pre Approved Financing Available
- Actual Cap Rate 13%
- Actual Cash on Cash 27%
- Owner Absentee
- Offered at $29,115 per key
- Located on high-traffic I-35
- 10-minute drive from San Antonio Airport
- 14-minute drive from the Alamodome - Home of San Antonio's NBA team, The Spurs
- 15-minute drive from Downtown Riverwalk & The Alamo
Description
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 $31,770 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.
