8021 Alamo Downs Pkwy San Antonio, TX 78238 1
EXECUTIVE SUMMARY VITAL DATA Price $5,500,000 Down Payment 21.22% / $1,167,326 Loan Amount $4,488,400 Loan Type Proposed New Interest Rate / Amortization 6.00% / 25 Years Price/Room $73,333 Ownership Type Fee Simple Number of Rooms 75 Rentable Square Feet 50,268 Number of Buildings 1 Number of Stories 3 Year Built 2005 Lot Size 1.63 Acre(s) MAJOR EMPLOYERS EMPLOYER # OF EMPLOYEES ROBERT B GREEN CAMPUS 5,000 Unive of Texas Healt Scien Cen 4,774 Boeing 4,518 Usaf Medical Center 4,000 South Texas Veterans Hcs 2,700 S W R I 2,683 University Health System 2,252 Fite Distribution Svcs Co LP 2,120 AT&T Corp 1,257 Air Force US Dept of 1,018 Advanced Temporaries Inc 1,007 Renal Dalysis Lab Med Ctr Hosp 1,000 DEMOGRAPHICS 1-Miles 3-Miles 5-Miles 2016 Estimate Pop 7,376 110,324 345,294 2016 Census Pop 6,824 102,749 323,992 2016 Estimate HH 2,988 38,259 119,311 2016 Census HH 2,757 36,016 112,884 Median HH Income $38,749 $43,571 $45,632 Per Capita Income $18,976 $19,116 $20,266 Average HH Income $46,807 $55,053 $58,199 # 2
INVESTMENT OVERVIEW Marcus & Millichap's National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Comfort Suites Near SeaWorld in San Antonio, Texas. The hotel is being offered at $5.5M, which is $73,333 per room. The Comfort Suites San Antonio represents the opportunity to acquire a well-performing hotel in a stable, growing Texas market with strong demand drivers. Our analysis assumes new ownership will have an opportunity to increase operating efficiencies and increase NOI. The new property owner will be required to complete transfer PIP as mandated by Choice Hotels International. PIP cost estimation ranges from $125K-$175K. Please contact listing agents for more details regarding PIP. INVESTMENT HIGHLIGHTS 75-Unit, Interior Corridor, Midscale Hotel, Built in 2005 Offered At 3.47 RRM TTM July 2017 Well Maintained With Extensive Recent Renovations Located Near SeaWorld, Six Flags Fiesta Texas, Lackland AFB, and The River Walk 3
PROPERTY OVERVIEW Property Overview: The Comfort Suites Near Seaworld is a 75-room, interior-corridor, three-story hotel located in San Antonio, Texas. Built in 2005, the hotel has a wood frame and a stucco and brick exterior with an angled roof. Amenities at the hotel include an on-site fitness center as well as fully-equipped business center, meeting space, guest laundry facilities, and an indoor pool/whirlpool/hot tub. All suites feature refrigerators, microwaves and flat-screen televisions. Location Overview: San Antonio, Texas is located in Bexar County. Comfort Suites is in close proximity to many points of interests in the city. SeaWorld San Antonio is less than seven miles from the hotel. Also, within 20 miles of the hotel are Six Flags Fiesta Texas, Brooke Army Medical Center, and The River Walk. Furthermore, Comfort Suites is less than 13 miles from the San Antonio International Airport. Common Area Amenities Indoor Pool/Whirlpool/Hot Tub Fitness Center Business Center Vehicle/Bus Parking Guest Laundry Guest Room Amenities Desk and AC/USB Outlets Microwave Refrigerator Flat Screen Television # 4
PROPERTY SUMMARY THE OFFERING Property Comfort Suites Near SeaWorld Price $5,500,000 Property Address 8021 Alamo Downs Pkwy, San Antonio, TX SITE DESCRIPTION Number of Rooms 75 Number of Stories 3 Year Built/Renovated 2005 CONSTRUCTION Framing Wood Exterior Brick/Stucco Parking Surface Concrete Roof Pitched MECHANICAL HVAC [PTAC in Rooms] Elevators [Elevators] Fire Protection [Smoke Detectors/Sprinkler] CHANGE TO FRANCHISE Application Fee $50,000 Minimum Parent Company Choice Hotels International Term Start Date November 2011-End Date November 2021 Royalty / Marketing Fee 6% of GRR / 3% of GRR NUMBER OF ROOMS ROOM TYPES ROOM TYPE 51 King 23 Queen 1 Suite/Kitchenette FIRST TRUST DEED Suite/Kitchenette PROPOSED FINANCING Loan Amount $4,488,400 Loan Type Proposed New Interest Rate 6.00% Amortization Loan Term 25 Years 25 Years Loan to Value 82% Debt Coverage Ratio 1.18 SECOND TRUST DEED Loan Type All Cash 5
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PROPERTY PHOTO Marcus & Millichap closes more transactions than any other brokerage firm. FOR MORE INFROMATION CALL: Allan Miller First Vice President Investments Senior Director, National Hospitality Group Office: (512) 338-7831 Mobile: (512) 203-9154 127