Overview

Description

The Motel 6 San Antonio - Fort Sam Houston is exclusively listed with Tabani Realty. The hotel has 155 rooms with exterior corridors. The property was built in 1981 and most recently remolded in 2022. This is an ideal opportunity for an owner-operator to add value and take it to the next level. Some of the amenities that the hotel has to offer are free Wi-Fi, free parking, complimentary coffee, and free cable. There is also guest laundry on-site, and an outdoor pool, and the hotel is pet-friendly.

San Antonio has a large population of 1,578,030, making it the 2nd largest city in Texas and the 7th largest city in the U.S. The metro area has a population of around 2.5 million as well. San Antonio is also in Bexar County, the 4th largest county in Texas and the 17th largest county in the US. The city of San Antonio attracts around 3 million visitors each year and is in the top 25 most popular cities to visit in the US. The city is known for being good for families, diversity, entertainment, history, and exciting nightlife.

The property is located right off of Interstate 35, one of the busiest highways in all of Texas, and has excellent visibility from the interstate as well. The Motel 6 is also very close to Fort Sam Houston, which is very convenient for those visiting friends and family at the base. Downtown San Antonio is only a quick 10-minute drive from the hotel. Some of the other nearby attractions are The Alamo, the San Antonio Zoo, River Center Mall, and the River Walk. The hotel is also about 17 minutes away from the San Antonio International Airport. Motel 6 was recently renovated in 2021 - 2022.

Highlights

• 155 rooms offered at below replacement cost of $44,516 per room
• Onsite Managers Apartment
• Strong Occupancy and Revenues in 2022
• Offered at a current cap rate of 13.22%
• Current cash on cash return 18.5%
• Ideal for Multi-Family and Apartment Conversion
• Access and visibility from Highway I-35
• 10 minutes away from Downtown San Antonio & Riverwalk
• Near Henry B. Gonzalez Convention Center
• Surrounded by shopping, dining, and entertainment
• All Standard Hotel Amenities included Wi-Fi, free parking,
• complimentary coffee, free cable, outdoor pool, and the hotel is pet-friendly.

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