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TownePlace Suites San Antonio Downtown 409 E Houston St 117 Room Hotel San Antonio, TX 78205 For Sale
Investment Highlights
- The TownePlace Suites San Antonio Downtown Riverwalk presents a compelling opportunity for investors seeking a unique asset in a prime urban location.
- The Hotel provides an opportunity for a new owner to acquire a high-quality branded lodging property at a significant discount to replacement cost.
- Converted in 2010, this Hotel is housed in a beautifully restored historic building that once served as the Neisner Department Store.
Executive Summary
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.
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.
Property Facts
| Sale Type | Investment | No. Rooms | 117 |
| Property Type | Hospitality | No. Stories | 6 |
| Property Subtype | Hotel | Year Built/Renovated | 1947/2017 |
| Building Class | B | Tenancy | Single |
| Lot Size | 0.27 AC | Corridor | Interior |
| Building Size | 72,520 SF | Opportunity Zone |
Yes
|
| Zoning | D - Downtown District | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 72,520 SF |
| No. Rooms | 117 |
| No. Stories | 6 |
| Year Built/Renovated | 1947/2017 |
| Tenancy | Single |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | D - Downtown District |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Fully-Equipped Kitchen
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 117 | $218.00 | - |
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (79)
Property Taxes
| Parcel Number | 00417-019-0050 | Improvements Assessment | $9,071,920 |
| Land Assessment | $2,828,080 | Total Assessment | $11,900,000 |
Property Taxes
Parcel Number
00417-019-0050
Land Assessment
$2,828,080
Improvements Assessment
$9,071,920
Total Assessment
$11,900,000
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TownePlace Suites San Antonio Downtown | 409 E Houston St
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