11221 San Pedro AveSan Antonio, TX 78216

This exceptional investment opportunity presents a 117-key Studio 6 Extended Stay Hotel located at 11221 San Pedro Ave, San Antonio, TX 78216. Boasting a strong 90% occupancy rate (as of July 31, 2024), this three-story, 53,390 square foot property offers a compelling value-add proposition. Built in 1986 and renovated in 2022, the hotel features three buildings situated on a 2.73-acre lot. Amenities include an outdoor pool, fitness center, business center, meeting room, laundry facilities, and a sundry shop. Each of the 117 keys is equipped with a microwave, refrigerator, work desk, lounge chair, and flat-screen television. The property generates a substantial Net Operating Income (NOI) exceeding $725,000, resulting in an attractive 11.15% cap rate and a price per key of $55,555.56. The hotel benefits from its convenient location near San Antonio International Airport and major roadways, providing easy access to the city's numerous attractions and business districts. This fee-simple ownership offers significant upside potential through operational enhancements and capital improvements. The property is zoned for commercial use. This is a rare opportunity to acquire a well-established, high-performing extended-stay hotel in a thriving Texas market. The asking price is $6,500,000.