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9503 N Interstate 35

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

Texas + Hospitality

Created date: February 15, 2024

Date last updated: October 7, 2024

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

Property 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.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Hospitality
Price:	$3,290,000
No. of Units:	113
Year Built:	1972
Lot Size:	1.69 Sq ft
Opportunity Zone:	No
Price per unit:	$29,115
Property Website	Click Here