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Comfort Suites San Marcos near Texas State University - Availability Details

104 N Interstate 35, San Marcos, TX 78666

  • For Sale $4,250,000
  • City San Marcos
  • Zip Code 78666
  • Market Austin
  • Property Type Other
  • Property Size 27,144 Sqft
  • Lot Size 0.92 Acre
  • Property Tenancy Single Tenant
  • Year Built 2006
  • Year Renovated 2018
  • Date Updated 10 Jul, 2021
The Comfort Suites is located along Interstate 35, the NAFTA Highway, and within close proximity to downtown San Marcos, Texas State University, and its attractions and demand generators. Approximately 70% of all Mexican exports enter the United States along the Interstate 35 corridor, entering through Laredo, Texas, approximately 200 miles south. Interstate 10 is located approximately 25 mile south and provides incredible access across the country in an east-west direction.
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Location

  • City San Marcos, TX
  • Zip Code 78666
  • Market Austin

Contacts

broker

Rav Singh, CCIM

Singh Commercial Group

(210) 696-9996

Highlights

  • Based on 2019 revenue and expenses, the hotel operated slightly above 38% profit margin with an NOI of over $385K and a CAP rate of 9% on 2019 Actuals
  • 2019 room revenue was $1,013,916 with an average $92 ADR and 56% Occupancy
  • Comfort Suites is located within the Austin, Texas MSA, the 13th most populous region in the United States and the 4th most populous region in the State. Austin is the 3rd largest state capital in the United States
  • The hotel offers many corporate demand generators as part of the expanding Texas State University campus, which is the 4th largest University in the state with an enrollment of more than 38,000 undergraduate and graduate students
  • The Greater San Marcos area is found within the Texas Triangle – the area of Texas outlined by Dallas-Fort Worth, Houston, and San Antonio-Austin
  • I-35 stretch between San Antonio and Austin is booming, making this hotel an ideal choice for operators
  • Points of interest in the area include the Tanger Outlet Center, Prime Outlet Center, and the athletic facilities surrounding the university campus
  • There are ample restaurants within close proximity to the property including Plucker’s Wing Bar, Chili’s, Red Lobster, Whataburger, Johnny Carino’s, Casa Maria and Garcia’s Mexican Food
  • The hotel is being offered unencumbered by its current management agreement which started 5 yrs ago, thereby providing an excellent opportunity for an owner to fully control the property’s operations and cut extra expenses

Frequently Asked Questions

What year was Comfort Suites San Marcos near Texas State University built and finished?

Comfort Suites San Marcos near Texas State University was completed in 2006.

Attachments

Contact Listing Broker

broker

Rav Singh, CCIM

Singh Commercial Group

(210) 696-9996

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