PROPERTY OVERVIEW
EXCELLENT LOCATION IN INDUSTRIAL CORRIDOR
The Hampton Inn & Suites San Antonio/Northeast I-35 is a 76-room hotel located 9 miles northeast of downtown San Antonio, proximate to a number of local demand generators. Driving corporate demand are office parks such as Perrin Creek Corporate Center, which is anchored by a 308,000-square-foot Caterpillar facility. Additionally, less than 3 miles from the Hotel is the Windcrest International Business Park, a 67-acre, 1.2-million-square-foot complex that is currently undergoing a $40 million renovation scheduled to be completed in 2026.
TOP PERFORMING ASSET WITH ADDITIONAL UPSIDE
The Hampton Inn & Suites San Antonio/Northeast I-35 is performing exceptionally well, achieving a RevPAR of $93.90 and an NOI of ~$875,000 (33% margin) as of the Trailing Twelve-Month (“TTM”) financial period ending July 2024. Significant upside remains upon completion of a change-of-ownership PIP. The improved product offering combined with continued market growth expectations will likely result in performance levels well exceeding in-place metrics.
GROWING LEISURE AND TRAVEL DEMAND
According to the San Antonio Convention and Visitors Bureau, the city is visited by about 39 million tourists a year. Driving leisure demand are attractions such as The San Antonio Zoo as well as a number of leisure attractions in downtown San Antonio including historic Spanish fortress The Alamo, The River Walk, a number of museums, the Henry B. Gonzalez Convention Center, the Alamodome, and numerous local eateries. Connecting travelers to the area is San Antonio International Airport which served 10.7 million passengers in 2023, representing a 13% increase over the previous year.
6718 N Interstate 35, San Antonio, TX 78218