19280 Redland Rd - Hospitality FOR SALE


San Antonio, TX 78259- Redland
$9,888,000 USD
713-955-0012
19280 Redland Rd, San Antonio, TX for Sale
$9,888,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

19280 Redland Rd
San Antonio, TX 78259
Redland


HIGHLIGHTS

  • A new investor can realize the significant upside of acquiring an underperforming, recently renovated hotel, to improve top/bottom-line cash-flows.
  • Current ownership is in the process of completing an extensive property-wide renovation.
  • Given the recent renovations, a minimal change-of-ownership PIP is expected.
  • Once the renovations have been completed, rooms revenue is anticipated to exceed $3 million, with an NOI flow-through of $1 million.
  • Strategically located in the Stone Oak submarket near a dense commercial development corridor just north of the US HWY 281 and Loop 1604 interchange.

OVERVIEW

For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=151573 HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 111-key Holiday Inn San Antonio North Stone Oak, a full-service hotel in northern San Antonio, Texas. A new investor will have the opportunity to realize the significant upside of acquiring an underperforming, recently renovated hotel asset, with the ability to restructure the hotel’s operations to improve both top- and bottom-line cash flows. PRICE REDUCTION: $9,888,000 Ownership is motivated to sell the property and has agreed to reduce the price to $9,888,000, or $89,000 per key (rounded). Please contact James Rebullida for more details.

FOR SALE DETAILS

PRICE

$9,888,000 USD

PRICE/SF

$136 USD /SF

# OF ROOMS

111

PRICE/ROOM

$89,081 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Inn San Antonio N - Stone Oak Area

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2010

PARKING SPACES

105

LAND DETAILS

LAND ACRES

2.72 AC

LAND SF

118,483 SF

ZONING

C-3

APN/PARCEL ID

17586-006-0490

ASK ABOUT THIS PROPERTY

713-955-0012

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713-955-0012

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