High-Quality Asset in Exceptional Condition: The Holiday Inn San Antonio Northwest (‘Hotel’ or ‘Property’) is an upper-midscale Hotel comprised of both king bedrooms and double queen bedrooms. Each guestroom includes refrigerators, microwaves, desks, and flat-screen televisions. Hotel amenities feature a fitness center, outdoor pool and hot tub, business center, full-service restaurant, and a 2,400 square-foot event center.
Ongoing Capital Expenditures: The Hotel ownership has pridefully maintained the Property, investing $350K in capital expenditures since 2018. Improvements impacting the guestrooms consist of upgraded televisions, bed skirts, desk chairs, duvets, and pillows. Additional renovations to both the common areas & building exterior include a new fence, hotel security system, pool lights, lobby furniture, and several other upgrades.
Prime Location with Easy Access to Market Demand Generators: The Property is situated, with excellent visibility, near the intersection of University Heights Boulevard and Interstate 10. This ideal location allows easy access to multiple demand generators in the vicinity including Six Flags Fiesta Texas (4.5 miles), the RIM Shopping Center (4 miles), La Cantera (4.7 miles), the University of Texas at San Antonio (2.4 miles), University of Texas Health and Science Center at San Antonio (4.6 miles), and Camp Bullis Army Base (13.9 miles).
Strategic Airport Location: The San Antonio International Airport, the 6th busiest airport in Texas with an average of 260 daily departures, is only 11.2 miles from the Holiday Inn San Antonio Northwest.
Spurs Sports & Entertainment Development: Spurs Sports & Entertainment has begun preparations to develop a $510.8 million sustainable, mixed-use development less than five miles from the Holiday Inn San Antonio Northwest. This project is expected to employ over 1,700 full-time employees and attract thousands of visitors for gatherings and events.
Attractive Basis at a Discount to Replacement Cost: The hotel represents a unique opportunity to acquire the fee-simple interest in an Asset with a prime location at a price expected to be below replacement cost.
Desirable Brand Affiliation: The Hotel is currently a Holiday Inn, which is internationally recognized as a member of InterContinental Hotels Group (IHG), one of the largest and most successful hotel companies. As a member of the IHG family, the Property benefits from a superior reservation system, as well as the IHG Rewards loyalty program.
Clean Offering: The Property is Fee Simple Real Estate and clear of existing management and financing contracts.
The University of Texas at San Antonio: Located 2.2 miles from the Hotel. More than 85% of students attend classes at the 600-acre main campus with 70-plus degree programs which include degrees from the College of Business, College of Education and Human Development, College of Liberal and Fine Arts, College of Sciences, Honors College, University College, and the UTSA Graduate School. The main campus contains 104 buildings with public-private partnerships are providing opportunities for new housing and retail along UTSA Boulevard.
The Roadrunner Athletic Center of Excellence (RACE) is a $40.4 million athletic training facility located on 10.8 acres of land near the southwest corner of the university’s Main Campus. The center will be used to promote the academic health, wellness, success, and performance of the university’s student-athletes. RACE will be available to the public including for athletics camps and clinics as part of its commitment as an urban serving, community-engaged university.