713-577-1760
409 E Houston St, San Antonio, TX for Sale
Hospitality - FOR SALE
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409 E Houston St
San Antonio, TX 78205
River Walk


HIGHLIGHTS

  • The TownePlace Suites San Antonio Downtown Riverwalk presents a compelling opportunity for investors seeking a unique asset in a prime urban location.
  • Converted in 2010, this Hotel is housed in a beautifully restored historic building that once served as the Neisner Department Store.
  • The Hotel provides an opportunity for a new owner to acquire a high-quality branded lodging property at a significant discount to replacement cost.

OVERVIEW

CBRE Hotels, as sole and exclusive agent of the owner, has been engaged to offer for sale the fee simple interest in the 117-all-suite TownePlace Suites San Antonio Downtown Riverwalk (the “Hotel” or “Property”). Ideally situated in a vibrant urban neighborhood, the Property is within a five-minute walk of the city’s two most visited attractions—the San Antonio River Walk and the Alamo—positioning it to capture strong year-round leisure demand. Offered unencumbered by management, the Property presents a compelling opportunity for a new ownership with significant potential for value enhancement in one of San Antonio’s most dynamic submarkets. The acquisition offers a unique opportunity for a buyer to implement a tailored business strategy that enhances the Hotel’s competitive positioning and operational efficiency, driving meaningful revenue and profit growth. Additionally, given the substantial rise in construction costs for new hotels, the TownePlace Suites is offered at a significant discount to replacement cost, making it an unparalleled investment opportunity.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

117

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TownePlace Suites San Antonio Downtown

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1947

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

D

APN/PARCEL ID

00417-019-0050

ASK ABOUT THIS PROPERTY

Michael YuCBRE, Inc.More Info
713-577-1760

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Michael YuCBRE, Inc.More Info
713-577-1760

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.