88 Interstate 410 Loop San Antonio, TX 78216
- Hospitality properties
Current Use by Public Records
- Hospitality properties
Property Details for 88 Interstate 410 Loop
- Year built
- 1996
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
This 120-key Fairfield Inn & Suites, built in 1996, presents a unique investment opportunity in the thriving San Antonio, Texas market. Located at 88 NE Interstate 410 Loop, Bexar County, zip code 78216, this single-building hospitality property is currently underperforming its competitive set, operating at 73% of the REVPAR Index (September 2024 STR Report). However, the San Antonio metro area boasts significant growth potential, with a projected population exceeding 4 million by 2050. This growth is fueled by a robust air travel sector, with San Antonio International Airport handling over 10 million passengers annually, a number projected to reach 15 million within the next two decades. This presents a compelling case for future revenue increases. The property's location near the airport and its established brand recognition within the select-service hospitality sector offer significant upside potential for a savvy investor seeking to capitalize on the region's expanding economy and tourism. The property's current underperformance provides a clear path to improved profitability through strategic management and operational enhancements. This lender-owned asset offers a chance to acquire a well-located hotel in a high-growth market at an attractive price point.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- San Antonio
- County
- Bexar
- State
- Texas
- Longitude
- -98.488
- Latitude
- 29.5181
