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Franchised Hotel
1212 Main Street, San Antonio, TX 78204
$6,800,000
72
30,000 SF
$94,444.44
Hotel & Motel
Economy/ Limited Service
Investment
11%
-
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Last Verified 2/10/2012
Listing ID 15797344
Description
This attractive and well located, limited service, interior corridor 72 suites property is on Interstate I-35, app. 2.5 miles from the central business district and near all of the major attractions such as Riverwalk, Market Square , Henry B. Gonzalez Convention Center, Alamo, Alamodome, Sea World, Six Flags Fiesta Texas etc; in San Antonio, Texas. San Antonio is the number one tourist destination in Texas.
The Seller plans to convert it into a Best Western later part of 2008. The price includes Seller to complete all of the improvements to meet current Best Western standards then. Essentially there will, virtually, be no PIP for the property for a new owner. The new owner will benefit from lower franchise fees under a Best Western franchise.
San Antonio is the number one tourist destination in Texas. San Antonio is a city, which is taking maximum advantage of its location in the nation, and in the state of Texas, it' s natural amenities and the timing of its development in relation to other U.S. growth cities. The city's economy is based on commercial trade, government employment, tourism, medical facilities, manufacturing, and mineral production.
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Map of 1212 Main Street, San Antonio, TX 78204 (Bexar County)
Created 7/11/2008
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Additional Information for 1212 S Main Avenue, San Antonio, TX 78204
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The information above has
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it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P