Berkadia Hotels & Hospitality is offering an exclusive opportunity to acquire the Fairfield Inn & Suites San Antonio SeaWorld/Westover Hills, a strategically positioned hotel with 98 rooms. This asset is located in San Antonio, Texas, a city renowned for its rich cultural heritage, dynamic economy, and rapid growth. In fact, San Antonio saw the fourth-largest population gain in 2024 among US cities. The hotel is ideally situated to capture demand from both leisure and business markets, particularly due to its proximity to SeaWorld, which attracts over 2.6 million annual visitors, and nearby data centers, a burgeoning sector driven by advancements in AI technology.
San Antonio's Westover Hills/SeaWorld submarket is a thriving area characterized by robust commercial development and family-friendly attractions. A notable highlight is Microsoft's $1.5 billion investment in expanding its data center operations, with one located near the Fairfield Inn. This expansion underscores San Antonio's role as a hub for technological advancement, attracting tech professionals and fostering economic growth. The hotel's location adjacent to Microsoft's expanding data centers means it can benefit from increased demand for accommodations from business travelers and tech professionals.
The Fairfield Inn is also strategically located to capitalize on San Antonio's booming theme park industry. Known as the Theme Park Capital of Texas, the city is home to major resort attractions such as SeaWorld San Antonio and Six Flags Fiesta Texas, both undergoing significant expansions. These developments are expected to draw more visitors than ever before, increasing demand for nearby accommodations. Travelers can seamlessly reach the hotel as San Antonio International Airport is only a 20-minute drive away. The hotel's proximity to SeaWorld and airport access ensures it will benefit from the influx of tourists seeking convenient lodging options.
Additionally, the hotel is near Lackland Air Force Base and Joint Base San Antonio, contributing to the local economy with a $55 billion impact. This location offers a unique opportunity to cater to military personnel, families, and visitors attending base events, ensuring consistent year-round demand for accommodations.
Offered below replacement cost, the hotel presents significant upside potential through strategic management changes and renovations. Currently unencumbered by management, a new owner can implement efficient operational practices and complete a Property Improvement Plan (PIP) to enhance competitive positioning and drive top-line performance. This will allow buyers to elevate RevPar Index penetration, improve the segmentation mix, and drive more direct branded revenue. The hotel already features resort-style amenities such as a gym, a business center, and an outdoor pool, priming it for value-add initiatives.