6350 Interstate 35 San Antonio, TX 78218-4403

This fee-simple, 105-key Quality Suites hotel in San Antonio, Texas, presents a compelling value-add investment opportunity. Boasting 56,061 square feet across three stories, this property, built in 1996 and renovated in 2020, sits on a two-acre lot with 95 parking spaces. The hotel's strategic location on Interstate 35 offers excellent highway visibility and accessibility, placing it near numerous attractions and 34 restaurants within a three-quarter-mile radius. Currently operating at 47% occupancy (as of December 31, 2023), the hotel generates a NOI of $526,000, yielding a 9.15% cap rate. The asking price is $5,750,000 ($102.57/sq ft and $54,761.90/key). Amenities include free hot breakfast, Wi-Fi, and parking, along with 24-hour reception and laundry facilities. Each suite features cable TV, a microwave, and a refrigerator. The property is zoned C-3 and offers a minimal franchise transfer PIP for the new owner. This is a rare chance to acquire a well-situated hotel in a thriving Texas market.