Attributs

Nombre d'unités

145

Année de construction

1987

Superficie du bâtiment nette

7 303 mètres carrés

Descriptif

JLL’s Hotels & Hospitality Group, as sole and exclusive agent for the owner, has been retained to offer for sale the fee simple interest in the 145-room Courtyard San Antonio Airport (the “Courtyard”, “Hotel” or “Property”). This institutionally owned Hotel is ideally located southeast of the San Antonio Airport, north of I-410. The Hotel offers its guests exceptional ingress and egress for Interstate access with a quick 1.5-mile drive to the airport. Moreover, the San Antonio International Airport is currently underway with its ELEVATE/SAT initiative which includes adding up to 18 domestic and international gates by mid-2028, along with an additional 850,000+ SF of new terminal space with 41,000 SF of new concession space, among other major capital projects.

This acquisition presents a compelling value-add opportunity as the Hotel transitions from traditional Marriott management to third-party or owner-operator oversight, unlocking immediate operational enhancement potential. A new owner will complete the PIP while benefiting from a cash-flowing asset offered at a significant discount to replacement cost. The management transition creates additional upside through enhanced operational control and revenue optimization potential, representing a rare opportunity to acquire an institutional-grade Hotel with immediate cash flow and substantial growth potential in rapidly growing San Antonio.

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Points forts de l'investissement

Unencumbered of Management – Hotel has been Marriott-managed and is now available for a third-party or owner-operator to oversee operations at the Hotel.
Historically Cash Flowing Hotel With Upside – the Hotel has delivered consistent cash flows, and is well positioned for further growth upon completion of PIP and transition from brand-managed to third-party or owner-operated.
Exceptional Airport Location – The Property benefits from being 1.5 miles away from the San Antonio International Airport. Moreover, the Airport is currently underway with their ELEVATE/SAT initiative, which includes adding up to 18 domestic and international gates by mid-2028, along with an additional 850,000+ SF of new terminal space, among other major capital projects.
Desirable Brand Affiliation – The Hotel benefits from Marriott's worldwide distribution network, best-in-class reservation system, and the Marriott Bonvoy rewards program, which boasts over 173 million members across 131 countries and territories.
Fee Simple ownership with non-union labor.