Holiday Inn Express & Suites - San Antonio, TX
About This Property
- Call for Offers - Submit Offer by March 21, 2023
- 80 Room, 4-Story Hotel, Built in 2008
- Located Minutes from Downtown San Antonio
- Attractive Investment Opportunity in one of the Largest and Fastest Growing Cities in the Country
- Newly Renovated to IHG Formula Blue Design; Minimal Transfer PIP Expected Providing Substantial Cost-Savings to New Ownership
- High Visibility on Interstate 10 with Convenient Access to San Antonio International Airport
- Increasing Revenue: Revenue has Grown Steadily Post-Covid and Following The Formula Blue Renovation
- Absentee Owner with Upside Opportunity Under New Management
The Holiday Inn Express & Suites is an 80 room, 4-story, newly renovated hotel just minutes from downtown San Antonio, Texas.
San Antonio is the 7th largest city in the U.S. with over 1.5 million residents and drawing over 41 million visitors annually. Between 2020 and 2021 more people moved to San Antonio than any other city in the country highlighting the attractive business opportunity in this growing market.
The property has excellent visibility along Interstate 10 and offers convenient access to San Antonio International airport and nearby demand generators including: South Texas Medical Center (STMC) which is one of the largest employers in San Antonio, major corporate offices such as USAA Bank Headquarters, Fort Sam Houston military base, and popular tourist attractions such as The Alamo and River Walk.
The hotel was built in 2008 and is newly renovated to IHG's Formula Blue design including an updated lobby, breakfast area, fitness center, and guestrooms. Minimal transfer PIP is expected providing substantial cost-savings for new ownership.
The business has shown steady recovery post-COVID, and now with the new renovations the business has an improved product to offer travelers and is well positioned for future growth. Ownership is absentee and there are opportunities to further improve the business under new management.
Please contact us if you have further interest in this opportunity. ALL PROPERTY VISITS ARE BY APPOINTMENT ONLY. Please contact broker to make arrangements. Please do not contact the hotel or staff.
This agreement (“Agreement”) is between Amber Hotel Company (“Amber”) and the undersigned party (“Buyer”) who is interested in buying investment real estate.
The investment real estate is exclusively listed for sale with Amber. Amber shall provide Buyer with related confidential information, subject to the terms and conditions of this Agreement.
By checking the below box and viewing this property, you agree that:
- The related confidential information is provided for the sole purpose of having a Buyer evaluate the purchase of the property for itself or its affiliates. Buyer and its affiliates shall keep the related information confidential, and not reproduce, distribute or disclose such information to third parties, except to the extent third party consultants, lenders, or other agents of Buyer are required, in which case such third parties will be held to the same confidentiality standards as Buyer. Amber shall not be responsible for the accuracy or completeness of the information provided, or for any loss or expense, whether direct or indirect, arising from Buyer’s or Buyer’s affiliate’s use and reliance on the information.
- The undersigned principal or any company or entity in which the undersigned principal has controlling interest, including real estate brokerage companies, shall not be paid any form of commission or fee by the owner of the property for the purchase of the property.
- All offers and purchase agreements for the property from Buyer or its affiliates shall be submitted through Amber. Buyer shall not contact the owner of the property directly or act either directly, indirectly, through any third parties including affiliates, clients or other brokers to circumvent the purpose of this Agreement. Amber may solicit, represent and accept offers for the property from other potential buyers without obligation to this Buyer. Buyer acknowledges that real estate brokers are not qualified as experts for legal, financial, accounting, environmental, construction, soils, geological or engineering advice.
This property information, market information, and other information on this page as well as any related documents have been provided by the seller or other outside sources. Interested parties are highly encouraged to verify the information independently. Amber has not independently verified any information.