Comfort Suite San Marcos, Texas

Listing was updated at: 02/14/2021
Property Overview
Price/Rent PSF $ 4,750,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available 27,144
Date Available 10/01/2020
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Floors 3
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Description

Location
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.

Sale
The Comfort Suites is a 53 all suites room, limited service, interior corridor hotel located in San Marcos, Texas (Austin MSA). The three-story hotel was built in 2006 using stone and stucco exterior, and pitched shingle roof. The hotel features large spacious guest suites, consistent with the Comfort Suites franchise, with small living area adjacent to beds with a sleeper sofa and table and a seasonal outdoor pool. The hotel is well-maintained, and recently went thru the Move to Modern PIP from the current owner. New owner will get a chance to own a great flag 2 miles from Texas State University and very close to Premium outlet malls within the Austin MSA!



The Comfort Suites 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.

Location