- Prime Riverwalk Location: Heart of downtown San Antonio, near key tourist attractions, driving consistent demand.
- Attractive Pricing: Offered at a compelling 3.55 room revenue multiplier (RRM) and $90,244 per key (PPK), a rare opportunity to acquire a quality asset below replacement cost in San Antonio CBD.
- Strong RevPAR Growth: Upper midscale hotels in CBD saw 5.4% YoY increase, indicating robust market performance.
- Significant Upside Potential: Current 84% RevPAR penetration allows for strategic growth and increased valuation.
- Major Employer MSA: Diverse economy with stable anchors like USAA, H-E-B, and military, ensuring steady demand.
- High-Traffic Attractions: Proximity to Alamo, Convention Center, Riverwalk and Airport boosts leisure & business stays.
- University Driven Demand: UTSA/UT Health merger creates a major research hub, increasing long-term lodging needs.
- Massive Development Projects: $4B Project Marvel, airport expansion, and Hemisfair revitalization enhance city appeal.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the Holiday Inn Express San Antonio N-Riverwalk Area, an IHG Hotel (‘Hotel’ or ‘Property’) located in San Antonio, Texas. The IHG Hotels & Resorts-branded Hotel is offered at $7,400,000 or $90,244 per key. The property is situated within the historically significant structure of the former Bexar County Jail, a building listed on the National Register of Historic Places for its architectural and historical importance, specifically its construction from native Texas limestone and its role in the region's early judicial history.
Situated in the heart of Downtown San Antonio, the Holiday Inn Express San Antonio N-Riverwalk Area, an IHG Hotel, is an 82-room limited-service, upper midscale property located at 120 Camaron Street in San Antonio, Texas. The property boasts a prime location near the iconic San Antonio Riverwalk, one of the city’s most vibrant tourism and entertainment districts. The property features a pool, fitness center, business center and breakfast area.
As of February, the revenue per available room (RevPAR) for upper midscale hotels in the San Antonio CBD submarket experienced a 5.4 percent year-over-year increase. This growth establishes a strong financial foundation, enhancing revenue potential and cash flow stability for prospective investors. The hotel's current RevPAR penetration of 84 percent indicates substantial growth potential. Through strategic management and operational efficiencies, the property can enhance its market share, optimizing financial performance and increasing overall property valuation for prospective investors.
The San Antonio-New Braunfels Metropolitan Statistical Area (MSA) is a vibrant and rapidly growing region in South Texas, with the city of San Antonio as its central hub. Its economy is diverse, anchored by several major employers and corporate headquarters. Prominent among these are USAA (0.6 miles), a financial services giant; H-E-B (0.8 miles), a leading supermarket chain; and Valero Energy (14.6 miles), a Fortune 500 petroleum refiner, all headquartered within San Antonio itself. Additionally, the significant presence of military installations, including Joint Base San Antonio (4.6 miles), contributes substantially to the region's economic stability and provides a large employment base. The healthcare sector, also heavily concentrated in San Antonio, is a major employer with large hospital systems like Methodist Healthcare (1.5 miles) and Baptist Health System (0.9 miles). These employers, along with a growing tech sector, drive the MSA's economic dynamism and population growth.
The property is located in San Antonio’s dynamic Downtown district, the hotel benefits from its proximity to attractions like the Main Plaza (0.3 miles), Historic Market Square (0.3 miles), the San Antonio Riverwalk (0.6 miles), the Shops at Rivercenter (0.6 miles), The Alamo (0.6 miles), and the Henry B. Gonzalez Convention Center (0.8 miles), which hosts over 250 events and 500,000 attendees annually. Nearby landmarks such as the Alamodome (1.5 miles), Tower of the Americas (1.5 miles), and Majestic Theater (0.5 miles) and Frost Bank Center (3.9 miles) attract both leisure and business travelers. Its location near San Antonio International Airport (9.0 miles), a major transportation hub serving millions of travelers annually, adds to its accessibility and appeal for a wide range of visitors.
The Holiday Inn Express San Antonio N-Riverwalk Area, an IHG Hotel is close to several prominent universities that shape San Antonio’s educational landscape, including the University of Texas at San Antonio (UTSA – 15.8 miles), currently undergoing a merger with UT Health San Antonio. This merger will create one of the largest research institutions in the nation by 2026. The growing Downtown Campus (0.6 miles) and other expansions will drive long-term demand for lodging, parking and hospitality services.
San Antonio is experiencing significant development, including the $4 billion Project Marvel, featuring a new Spurs arena, and a $200 million stadium for the San Antonio Missions baseball team. Additional projects, such as the Southtown Aldea Development and the Hemisfair revitalization, are transforming the city, while a $2.5 billion expansion of San Antonio International Airport is expected to further increase tourism and business travel. These developments position the city as a growing regional hub, offering robust opportunities for hospitality investment.
