6350 Interstate 35San Antonio, TX 78218

For Sale
$5,750,000

105-key hotel, strong ROI, prime location

Overview

Added:
Dec 11, 2024
Days on market:
94
This fee-simple, 105-key Quality Suites hotel in San Antonio, Texas, presents a compelling value-add investment opportunity. Boasting 56,061 square feet across three stories, this property, built in 1996 and renovated in 2020, sits on a two-acre lot with 95 parking spaces. The hotel's strategic location on Interstate 35 offers excellent highway visibility and accessibility, placing it near numerous attractions and 34 restaurants within a three-quarter-mile radius. Currently operating at 47% occupancy (as of December 31, 2023), the hotel generates a NOI of $526,000, yielding a 9.15% cap rate. The asking price is $5,750,000 ($102.57/sq ft and $54,761.90/key). Amenities include free hot breakfast, Wi-Fi, and parking, along with 24-hour reception and laundry facilities. Each suite features cable TV, a microwave, and a refrigerator. The property is zoned C-3 and offers a minimal franchise transfer PIP for the new owner. This is a rare chance to acquire a well-situated hotel in a thriving Texas market.

Highlights

  • Fee simple ownership of a 105-unit, three-story limited-service hotel (formerly a Comfort Suites, rebranded as a Quality Suites in 2016, renovated in 2020).
  • Excellent location near significant employment sectors including oil & gas, agriculture, manufacturing, and tourism.
  • Attractive amenities include complimentary hot breakfast, Wi-Fi, and parking, plus 24-hour reception and laundry facilities.
  • All suites feature cable TV, microwave, and refrigerator.

Property Details for 6350 Interstate 35

Property type
Other hospitality properties, Motels
Square Feet
56,061 SF
Year Built/Renovated
1996/2020
Buildings
1
Stories
3
Lot Size (sq. ft)
87,120 SF

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.486698838821
Longitude
-98.401381438611
6350 Interstate 35, San Antonio, Texas

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
6350 Interstate 35
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message