Clarion Pointe near Medical Center | 4803 Manitou
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Clarion Pointe near Medical Center 4803 Manitou
122 Room Hotel San Antonio, TX 78228 $12,726,900 CAD ($104,319 CAD/Room)
Investment Highlights
- 122 Room Clarion Pointe; 46,136+- SF Building Situated on 1.63 Acres
- Unencumbered by Management Allowing for Repositioning; Upside Potential - ADR & RevPAR Below Competitive Set
- 10 Miles from San Antonio International Airport; 2 Miles from Medical Center Corridor
- Turn-Key Operation - PIP Renovations Completed in 2022; Building & Signage Visibility from Interstate 410 (Connally Loop)
- Past 3-Year Average Revenue of Over $2.3M
- High End Resort, Entertainment & Shopping Area
Executive Summary
NAI Capital and NAI Robert Lynn are pleased to offer exclusively for sale the fee-simple interest in the 122-key Clarion Pointe, located in the San Antonio Northwest/Sea World submarket. This is an interior corridor, midscale limited-service hotel built in 1986 and renovated in 2022. The property consists of a 5-story 46,536 SF building situated on 1.64 acres. Common area amenities include a breakfast area, outdoor swimming pool, fitness room, business center and sundries counter.
In 2022, the ownership completed the required PIP to convert from a Best Western to Choice's Clarion Pointe brand. The renovation included a wide array of upgrades ranging from the exterior driveways, pool deck, front desk and to room interiors. The work cost totaled almost $800K, which ensures that a new owner will not have further capital expenditures in the foreseeable future.
The city of San Antonio, as the number one most visited city in Texas, boasts a reputation as a high-end resort and shopping area with family friendly destinations like Six Flags Fiesta Texas, Legoland, San Antonio Zoo, Natural Bridge Caverns and Sea World. The Clarion Pointe is located near the Medical Center corridor and benefits from University Hospital, Audie L. VA Medical Center and UT Health.
In 2022, the ownership completed the required PIP to convert from a Best Western to Choice's Clarion Pointe brand. The renovation included a wide array of upgrades ranging from the exterior driveways, pool deck, front desk and to room interiors. The work cost totaled almost $800K, which ensures that a new owner will not have further capital expenditures in the foreseeable future.
The city of San Antonio, as the number one most visited city in Texas, boasts a reputation as a high-end resort and shopping area with family friendly destinations like Six Flags Fiesta Texas, Legoland, San Antonio Zoo, Natural Bridge Caverns and Sea World. The Clarion Pointe is located near the Medical Center corridor and benefits from University Hospital, Audie L. VA Medical Center and UT Health.
Property Facts
| Price | $12,726,900 CAD | Building Size | 46,135 SF |
| Price Per Room | $104,319 CAD | No. Rooms | 122 |
| Sale Type | Investment | No. Stories | 5 |
| Property Type | Hospitality | Year Built/Renovated | 1987/2022 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Parking Ratio | 2.43/1,000 SF |
| Lot Size | 1.64 AC | Corridor | Interior |
| Price | $12,726,900 CAD |
| Price Per Room | $104,319 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.64 AC |
| Building Size | 46,135 SF |
| No. Rooms | 122 |
| No. Stories | 5 |
| Year Built/Renovated | 1987/2022 |
| Tenancy | Single |
| Parking Ratio | 2.43/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 122 | $98.12 CAD | - |
PROPERTY TAXES
| Parcel Number | 16069-017-0060 | Improvements Assessment | $6,032,572 CAD |
| Land Assessment | $1,529,402 CAD | Total Assessment | $7,561,974 CAD |
PROPERTY TAXES
Parcel Number
16069-017-0060
Land Assessment
$1,529,402 CAD
Improvements Assessment
$6,032,572 CAD
Total Assessment
$7,561,974 CAD
zoning
| Zoning Code | NC, C-1, C-2, D (Hospitality) |
| NC, C-1, C-2, D (Hospitality) |
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Clarion Pointe near Medical Center | 4803 Manitou
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