{"id":1004132388,"date":"2015-11-25T06:38:06","date_gmt":"2015-11-25T14:38:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004132388"},"modified":"2020-05-14T00:49:16","modified_gmt":"2020-05-14T08:49:16","slug":"marcus-millichap-arranges-sale-of-san-antonio-hotel","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-san-antonio-hotel\/","title":{"rendered":"Marcus & Millichap Arranges Sale of San Antonio Hotel"},"content":{"rendered":"

By Anca Gagiuc, Associate Editor<\/em><\/p>\n

\"Holiday<\/a>

Holiday Inn San Antonio Northwest<\/em><\/p><\/div>\n

Marcus & Millichap<\/a> arranged the sale of the 122-key Holiday Inn San Antonio Northwest<\/a>. Details about the transaction were not disclosed.<\/p>\n

Allan Miller, vice president investments at Marcus & Millichap\u2019s San Antonio office and Chris Gomes, vice president investments at the company\u2019s office in Dallas, represented the seller. Marcus & Millichap\u2019s National Retail Group procured the buyer. Both the buyer and the seller are Texas-based private investment groups.<\/p>\n

The hotel is located at 5535 University Heights in San Antonio, near Interstate 10 and Loop 1604, two miles from the University of Texas at San Antonio and three miles from Six Flags Fiesta Texas.<\/p>\n

\u201cOur comprehensive national marketing campaign generated competitive offers from local and national lodging institutions and a strong retail investor in a 1031 exchange emerged through our internal marketing efforts to the firm\u2019s network of more than 1,500 agents,\u201d said Miller. \u201cUltimately, the seller moved forward with the internally produced cross-product buyer interested in investing in San Antonio.\u201d<\/p>\n

\u201dSan Antonio is an attractive lodging market,\u201d added Miller. \u201cAlthough unlike other markets in Texas San Antonio has not seen rapid year-over-year RevPAR growth, the city also hasn\u2019t experienced the same infusion of new supply. San Antonio\u2019s lodging assets are poised for steady performance growth and I am confident that investor sentiment will continue to be strong in 2016.\u201d<\/p>\n

Holiday Inn San Antonio Northwest was built in 2012 as a four-story, interior-corridor, full-service hotel featuring the updates that fit the Holiday Inn format.<\/p>\n

Image courtesy of InterContinental Hotels Group<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Holiday Inn San Antonio Northwest passed to another owner.<\/p>\n","protected":false},"author":237,"featured_media":1004132389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21751,21783,1607],"tags":[],"class_list":["post-1004132388","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-hotel","category-investment","category-san-antonio"],"acf":[],"yoast_head":"\nMarcus & Millichap Arranges Sale of San Antonio Hotel - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-san-antonio-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marcus & Millichap Arranges Sale of San Antonio Hotel\" \/>\n<meta property=\"og:description\" content=\"Holiday Inn San Antonio Northwest passed to another owner.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-san-antonio-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-11-25T14:38:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-14T08:49:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/11\/Holiday-Inn-San-Antonio-Northwest.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"281\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anca Gagiuc\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-san-antonio-hotel\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/marcus-millichap-arranges-sale-of-san-antonio-hotel\/\",\"name\":\"Marcus & Millichap Arranges Sale of San Antonio Hotel - 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