4803 Manitou Dr San Antonio, TX 78228

Property Details for 4803 Manitou Dr

Year built

1989

Lot size

1.63 lot acres

Property size

46,136 SF

Property type

Hospitality properties

Property subtype

Hotels

Description

This exceptional 122-key Clarion Pointe hotel presents a compelling investment opportunity in the thriving San Antonio, Texas market. The property boasts a newly renovated, 46,136 square-foot building situated on a 1.63-acre lot. Built in 1989 and extensively renovated in 2022, this five-story, interior-corridor hotel offers a range of amenities including a breakfast area, outdoor swimming pool, fitness room, business center, and sundries counter. The 2022 renovation, costing nearly $800,000, included upgrades to exterior driveways, the pool deck, the front desk, and all guest room interiors, ensuring minimal future capital expenditures for the new owner. The hotel benefits from its strategic location near Interstate 410 (Connally Loop), providing excellent visibility and accessibility. Its proximity to the Medical Center corridor, major hospitals (University Hospital, Audie L. VA Medical Center, and UT Health), and popular attractions like SeaWorld and Six Flags Fiesta Texas, further enhances its appeal. The property is zoned C-3 Commercial and features a strong historical performance, with an average annual revenue exceeding $2.3 million over the past three years. The asking price is $8,950,000, representing a price per square foot of $193.99. This turnkey operation offers significant upside potential through increased Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR), given current market conditions. The property's unencumbered management structure allows for flexible repositioning strategies to maximize returns. The property's address is 4803 Manitou Dr, San Antonio, TX 78228, and its APN is 16069-017-0060.

Location Insight

City

San Antonio

County

Bexar

State

Texas

Longitude

-98.578

Latitude

29.4881