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$78.4 Million Non-Performing Loan | Closed Hotel - Redevelopment Opportunity | San Francisco, CA
JLL’s Hotels & Hospitality Group (“JLL”) has been exclusively retained to offer qualified investors the opportunity to acquire the fee-simple interest in the 121-room WoodSpring Suites San Antonio South (the “WoodSpring Suites”, “Hotel”, or “Property”). The Hotel has unparalleled I-35 frontage and visibility (83,000 VPD) and is in close proximity to some of South San Antonio’s largest demand generators including South Park Mall, Lackland Airforce Base, Texas A&M University – San Antonio, and Toyota Motor Manufacturing Texas. Additionally, the Hotel is within proximity to the 1,900-acre Port San Antonio, a mixed-use development and industrial complex that has become a hub for innovation and technology, and the 1,300-acre Brooks City Base, a mixed-use development that was reimagined from the original Brooks Air Force Base which now consists of a mix of residential areas, business parks, education institutions, and recreational facilities.
The offering presents investors with an opportunity to acquire a well-located, economy extended stay hotel, with operating margin and revenue upside, unencumbered of management in one of the fastest growing cities in the country, at a discount to replacement cost.