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4803 Manitou DrSan Antonio, TX 78228
Clarion Pointe
Asset ClassHotel & Hospitality
122-key Clarion Pointe, located in the San Antonio Northwest/Sea World submarket
overview of deal

Overview

NAI Capital and NAI Robert Lynn are pleased to offer exclusively for sale the fee-simple interest in the 122-key Clarion Pointe, located in the San Antonio Northwest/Sea World submarket. This is an interior corridor, midscale limited-service hotel built in 1986 and renovated in 2022. The property consists of a 5-story 46,536 SF building situated on 1.63 acres. Common area amenities include a breakfast area, outdoor swimming pool, fitness room, business center and sundries counter.

 

In 2022, the ownership completed the required PIP to convert from a Best Western to Choice's Clarion Pointe brand. The renovation included a wide array of upgrades ranging from the exterior driveways, pool deck, front desk and to room interiors. The work cost totaled almost $800K, which ensures that a new owner will not have further capital expenditures in the foreseeable future.

 

The city of San Antonio, as the number one most visited city in Texas, boasts a reputation as a high-end resort and shopping area with family friendly destinations like Six Flags Fiesta Texas, Legoland, San Antonio Zoo, Natural Bridge Caverns and Sea World. The Clarion Pointe is located near the Medical Center corridor and benefits from University Hospital, Audie L. VA Medical Center and UT Health.

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Investment Highlights

  • 122 Room Clarion Pointe
  • 46,136+- SF Building Situated on 1.63 Acres
  • Turn-Key Operation - PIP Renovations Completed in 2022
  • Building & Signage Visibility from Interstate 410 (Connally Loop)
  • Unencumbered by Management Allowing for Repositioning
  • Upside Potential - ADR & RevPAR Below Competitive Set
  • Past 3-Year Average Revenue of Over $2.3M
  • 8 Miles from San Antonio International Airport
  • 2 Miles from Medical Center Corridor
  • High End Resort, Entertainment & Shopping Area
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4803 Manitou DrSan Antonio, TX 78228

For More Information, Please Contact

Steve LiuExecutive Vice President

License #: 01323150

(949) 468-2385sliu@naicapital.com
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