HENRY S. MILLER COMMERCIAL

All-Suite Hotel
San Antonio, Texas
Hawthorne Suites
Interstate 35 North at Rittiman Rd.
•Located on Interstate 35
North; highway to Laredo
and Mexico.
•Close to CBD and new
SBC/Spurs Basketball
Arena; Ft. Sam Houston
Base.
•Opened December 2003.
•65 rooms (all suites).
•2004 estimate:
Room Rev: $921,953;
Occupancy 67%; ADR $58.
•Traffic counts: 172,000
cars per day. (TXDOT 2000).
•Offering Price:
$4,875,000
or
$75,000/room.
For Information call:
Henry S. Miller Commercial
Keith A. Coelho
(210) 821-5323
[email protected]
HENRY S. MILLER COMMERCIAL
12770 Cimarron Path, Suite 122,San Antonio, TX 78249 Ph.(210)821-5323 Fx.(210)495-8682
Visit our website at www.henrysmiller.com
Since 1914
The information contained herein was obtained from sources believed reliable; however, Henry S. Miller Commercial makes no guarantees, warranties or representations as to the
completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice.
IH-35 North at Rittiman, San Antonio, TX
SA International
Airport
Loop 410
IH 35
Hwy 281
Hawthorne
Suites
San Antonio Country
Club
COMPETITION
2004 Data on Direct Competitors within 78218 zip code
Hotel
Comfort Suites
La Quinta Inn
Super 8
Motel 6
Motel 6
Knights Inn
Scotsman Inn
Broadway Inn
# of rooms Est. ADR
105
$62.01
130
$44.44
40
$39.99
112
$30.63
155
$30.00
85
$35.04
112
$32.00
30
$21.71
Est. Occup.
72.3%
75.9%
63.0%
76.8%
58.3%
42.1%
39.0%
38.8%
RevPAR
$44.86
$33.74
$25.19
$23.54
$17.51
$14.76
$12.50
$8.43
(Source: Texas Hotel Performance Factbook: 2004 First Quarter).
HENRY S. MILLER COMMERCIAL
Hawthorne Suites
Interstate 35 North at Rittiman
PHYSICAL FEATURES
•
Opened in December 2003. NEW CONSTRUCTION.
•
A three-story, wood-framed, limited-service hotel with an outdoor pool.
•
1.5 acre site situated on the frontage road of I-35 at Rittiman Road exit.
•
75 parking spaces.
•
66 rooms all one-bedroom suites, with full kitchens.
•
2 meeting rooms: capacity 100.
•
Fitness Center; Business Center; Guest Laundry.
•
Free hot breakfast and USA Today.
•
Amenities include 2 each 27” TVs in each room, free high speed wireless internet access, inroom movies, free local calls, expanded cable TV with HBO, CNN, ESPN, coffee makers, hair
dryers, iron & ironing boards, and all units have refrigerators and microwaves.
LOCATION/MARKET
•
Located at 6900 IH-35 North, San Antonio, TX 78218
•
Visibility from I-35.
•
City Population – 1,114,646 (growth rate of 14% from 1990 to 2000).
•
Bexar County Population – 1,446,333 (growth rate of 22% from 1990 to 2002).
•
San Antonio MSA Population – 1,660,205, MSA expected to reach 2,465,501 by 2020 (Source:
Texas State Data Center and Texas Water Development Board.)
•
Located on the north and east of San Antonio, only 7 miles north of downtown/CBD and
International Airport. Downtown attractions/facilities include: The Alamo, River Walk (2.5 mile
path along the San Antonio River lined with restaurants, shopping, and entertainment), Henry
B. Gonzales Convention Center, Alamo Dome (home of the 2004 men’s Final Four), the SBC
Center (home of the world champion San Antonio Spurs), Majestic Theater, King William
Historic District, Tower of the Americas, Market Square, The Pearl Brewery, Sunset Station.
•
Within 25 miles of the Toyota plant under development just south of the city. Toyota broke
ground in early 2004 and is expected to be open in 2006 with over 2,000 employees. It is
expected to have a larger economic impact from approximately 100 Toyota part suppliers that
will relocate to the area.
•
Major attractions/facilities not downtown include: Sea World (20 miles), San Antonio
International Airport (7 miles), Six Flags Fiesta Texas (15 miles), Splashtown (2 miles) and
Natural Bridge Caverns (10miles).
•
Universities: Trinity Univ., Univ. of Texas-San Antonio, St. Mary’s Univ., Our Lady of the Lake
Univ., Univ. of Texas Health Science Center, and Incarnate Word College.
•
Military Bases: Lackland Air Force Base (AFB), Randolph AFB, Brooks AFB, and Fort Sam
Houston (Army medicine).
The San Antonio metro hotel market improved from a 2001 Occupancy Rate of 60.7% to a 2002
Occupancy Rate of 61.1%. This is in contrast to the entire state of Texas where the 2001
Occupancy rate was 57.3%, but declined to 55.3% in 2002. (Source: Texas Tourism Report –
March 2003.)
HENRY S. MILLER COMMERCIAL
Hawthorne Suites, IH-35 N at Rittiman, San Antonio
Hawthorne Suites, IH-35 N at Rittiman, San Antonio
Alamo City outpacing Houston, Dallas - 7/4/2003
In a first-quarter 2003 report just issued by hotel industry experts Source Strategies, seven of the top 25 hotels in the
Lone Star State (based on REVPAR) are located in San Antonio. That is equivalent to the number of hotels in
Dallas and Houston proper combined that broke into the top 25. San Antonio's overall REVPAR dropped 42 cents,
down to an average of $53.86 in the latest report. But even with the drop-off, San Antonio's REVPAR finished
$5.59 ahead of its closest competitor - Austin.
[San Antonio Business Journal]
Alamo City hotels get a big boost from holiday travelers - 1/10/2003
According to Smith Travel Research, year-to-date results through November 2002 show across-the-board gains from the Alamo
City hotel market over the same period in 2001. Those gains include a 1.7 percent rise in occupancy in 2002 (up to
64.4 percent) and an average daily rate (ADR) that climbed 1.4 percent, to $87.62. Also in 2002, revenue per available
room (REVPAR) grew by 3.2 percent, to $56.47.
[San Antonio Business Journal]