88 Interstate 410 LoopSan Antonio, TX 78216

For Sale
Call for price

120-Key Hotel, Lender-Owned, High-Growth Market

Overview

Added:
Dec 11, 2024
Days on market:
95
This 120-key Fairfield Inn & Suites, built in 1996, presents a unique investment opportunity in the thriving San Antonio, Texas market. Located at 88 NE Interstate 410 Loop, Bexar County, zip code 78216, this single-building hospitality property is currently underperforming its competitive set, operating at 73% of the REVPAR Index (September 2024 STR Report). However, the San Antonio metro area boasts significant growth potential, with a projected population exceeding 4 million by 2050. This growth is fueled by a robust air travel sector, with San Antonio International Airport handling over 10 million passengers annually, a number projected to reach 15 million within the next two decades. This presents a compelling case for future revenue increases. The property's location near the airport and its established brand recognition within the select-service hospitality sector offer significant upside potential for a savvy investor seeking to capitalize on the region's expanding economy and tourism. The property's current underperformance provides a clear path to improved profitability through strategic management and operational enhancements. This lender-owned asset offers a chance to acquire a well-located hotel in a high-growth market at an attractive price point.

Highlights

  • 120-key Fairfield Inn & Suites, built in 1996, located at 88 NE Interstate 410 Loop, San Antonio, TX 78216.
  • Currently operating at 73% of the REVPAR Index (September 2024 STR Report), presenting a value-add opportunity.
  • San Antonio's population projected to exceed 4 million by 2050, fueled by strong air travel growth at San Antonio International Airport (currently over 10 million passengers annually, projected to reach 15 million within 20 years).
  • Lender-owned asset offering potential for improved profitability through operational enhancements.

Property Details for 88 Interstate 410 Loop

Property type
Other hospitality properties, Hotels
Year Built
1996
Buildings
1

Location Insight

City
San Antonio
County
Bexar
State
Texas
Latitude
29.518077001253
Longitude
-98.488008194045
88 Interstate 410 Loop, San Antonio, Texas

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88 Interstate 410 Loop
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