Home2 Suites by Hilton San Antonio International Airport
Home2 Suites by Hilton San Antonio International Airport
HREC Investment Advisors is the exclusive agent to the Owner and pleased to offer for sale the 111-suite Home2 Suites by Hilton San Antonio International Airport. The Hotel opened in 2014 and is ideally located less than a mile from the entrance to the San Antonio International Airport. San Antonio is the 2nd largest city in Texas and the 7th largest in the US, with a metro population exceeding 2.4 million.
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Mike Armstrong is a Principal and co-head of HREC's® capital markets practice. A 30-year hotel industry veteran, Mike brings extensive experience in debt & equity financing, hotel real estate sales, development, acquisitions and hotel management to his leadership role with the company.
Prior to HREC®, Mike was the founder and president of Neptune Hospitality Advisors where he directed the company's advisory activities, including hospitality transactional services, debt & equity raising services, and asset management services. Over his career, Mike completed over $2.5 billion in real estate sales and financing. Notable transactions for Mike have included a $100 million refinance of a 11-hotel portfolio in California, the $40 million refinance of the Sheraton Gunter Hotel in San Antonio, Texas, and acquisition financing of $60 million on the Le Meridian Hotel in Cancun, Mexico.
A graduate of the University of North Texas, Armstrong holds a Bachelor of Business Administration degree with an emphasis in Real Estate and Finance.
- Property Type
- Hotel & Hospitality
- Deal Type
- Acquisition
- Risk Profile
- Core
INVESTMENT HIGHLIGHTS:
Exceptional Performance: The Home2 Suites San Antonio International Airport has one of the highest RevPARs ($92.56) among the select-service/extended stay hotels in the airport submarket;
Airport: The San Antonio International Airport has embarked on a 20-year, $2.5B expansion including a new 17-gate terminal and five new gates at the current two terminals;
Tourism: The most visited city in Texas, with over 41 million people traveling to San Antonio annually to visit the Riverwalk, Alamo, SeaWorld, Six Flags, and the San Antonio Zoo ($17.4 billion economic impact in 2021);
Strong Office Market: According to CoStar, within a 5.0-mile radius from the Property, there is roughly 23.5M SF of total existing office space;
Healthcare: 900-acre South Texas Medical Center, which boasts hundreds of medical offices, thousands of healthcare professionals, and treats millions of patients a year;
Universities: 130K students nearby at the main campus of the University of Texas at San Antonio, San Antonio College, Northwest Vista College, and St. Philip's College;
Military: Four major bases, including Randolph Air Force Base, Fort Sam Houston, Lackland Air Force Base, and Camp Bullis support 211,000 military and civilian personnel ($29.2B economic impact in 2021).