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La Quinta Inn by Wyndham San Marcos 1619 N I H 35 117 Room Hotel San Marcos, TX 78666 For Sale
Investment Highlights
- 117 Rooms, Interior & Exterior Corridors
- High Visibility Along Interstate 35
- Growing Market with Approximately 31% Population Growth Over the Past 10 Years Making it One of The Fastest-Growing Cities in the U.S.
- Well Located Between Two Major Markets: Austin (30 Minutes) and San Antonio (50 Minutes)
- One Mile from Texas State University with Over 34,000 Students
- 2025 RevPAR Index 82% Providing Upside Opportunity for New Ownership
Executive Summary
The La Quinta in San Marcos is centrally located on Interstate 35 between Austin (30 minutes) and San Antonio (50 minutes) and benefits from close proximity to these two major markets: Austin MSA with 2.5M residents and San Antonio MSA with 2.7M residents.
San Marcos is home to Texas State University with over 34,000 students and draws many visitors to the campus for events including Division I sports. The La Quinta is only one mile from the Texas State University football stadium. The expansive San Marcos Premium Outlets are one of the largest shopping centers in the U.S. offering world-class shopping and drawing over 14 million visitors annually. San Marcos is also known for its outdoor beauty with the San Marcos River running through the city and offering outdoor recreation including tubing, snorkeling, kayaking, and stand-up paddleboarding. The hotel gets a mix of customers: leisure, interstate travelers, workers, Texas State University visitors, and overflow from major events in Austin.
The La Quinta has excellent visibility along Interstate 35. The hotel has 2 buildings and 117 rooms: 35 interior corridor rooms and 82 exterior corridor. 2 rooms are utilized for an onsite manager's apartment. Ownership has completed exterior renovations updating the La Quinta to the Del Sol design.
The hotel also offers opportunity for potential conversion to multifamily units with several hotels nearby converting to meet housing demand in the area.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
San Marcos is home to Texas State University with over 34,000 students and draws many visitors to the campus for events including Division I sports. The La Quinta is only one mile from the Texas State University football stadium. The expansive San Marcos Premium Outlets are one of the largest shopping centers in the U.S. offering world-class shopping and drawing over 14 million visitors annually. San Marcos is also known for its outdoor beauty with the San Marcos River running through the city and offering outdoor recreation including tubing, snorkeling, kayaking, and stand-up paddleboarding. The hotel gets a mix of customers: leisure, interstate travelers, workers, Texas State University visitors, and overflow from major events in Austin.
The La Quinta has excellent visibility along Interstate 35. The hotel has 2 buildings and 117 rooms: 35 interior corridor rooms and 82 exterior corridor. 2 rooms are utilized for an onsite manager's apartment. Ownership has completed exterior renovations updating the La Quinta to the Del Sol design.
The hotel also offers opportunity for potential conversion to multifamily units with several hotels nearby converting to meet housing demand in the area.
Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.
Property Facts
| Sale Type | Investment | No. Rooms | 117 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1993/2015 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.61 AC | Corridor | Interior |
| Building Size | 52,062 SF | ||
| Zoning | F7 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.61 AC |
| Building Size | 52,062 SF |
| No. Rooms | 117 |
| No. Stories | 2 |
| Year Built/Renovated | 1993/2015 |
| Tenancy | Single |
| Corridor | Interior |
| Zoning | F7 |
Amenities
- Pool
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 19 | $109.00 | - |
| Guest Room | 98 | $87.00 | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R20398 | Improvements Assessment | $2,738,597 |
| Land Assessment | $885,650 | Total Assessment | $3,624,247 |
Property Taxes
Parcel Number
R20398
Land Assessment
$885,650
Improvements Assessment
$2,738,597
Total Assessment
$3,624,247
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La Quinta Inn by Wyndham San Marcos | 1619 N I H 35
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