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TownePlace Suites San Antonio Downtown Riverwalk – Image Credit CBRE
The TownePlace Suites San Antonio Downtown Riverwalk, a 117-room extended-stay hotel near major San Antonio attractions, has been listed for sale by CBRE Hotels.
CBRE Hotels is offering the fee simple interest in the 117-suite TownePlace Suites San Antonio Downtown Riverwalk for sale. The property is located within a five-minute walk of the San Antonio River Walk and the Alamo, two of the city’s most visited attractions. The hotel is being marketed unencumbered by management.
The TownePlace Suites is housed in a restored historic building that formerly served as the Neisner Department Store and was converted into a hotel in 2010. The property is located in downtown San Antonio, about two blocks from the River Walk, and within a five-minute walk of the Historic Market Square and the Alamo. It is also near major demand generators, including HEB Headquarters, Frost Tower, The Children’s Hospital of San Antonio, and the Henry B. González Convention Center. Five colleges are located within four miles of the hotel.
For the trailing twelve months ending December 2025, the hotel reported $4.0 million in revenue and $626,000 in net operating income, representing a 15.8 percent margin. The property is institutionally owned and managed, with significant corporate overhead allocation. The listing notes potential for increased profitability through expense reduction and operational changes under new ownership.
The hotel is being offered at a price below estimated replacement cost, reflecting increased construction costs for new hotels. The property is affiliated with Marriott and participates in the Marriott Bonvoy guest loyalty program. The listing highlights the opportunity for a new owner to implement business strategies to enhance operational efficiency and market positioning. The property’s location near major attractions and its historic character are noted as factors supporting long-term value.
San Antonio’s metropolitan area has a population exceeding 2.6 million and was ranked the fourth-fastest-growing region in the United States in 2024. The city is the 25th-largest metropolitan area in the country and the third-largest in Texas. The local economy is supported by industries including military, tourism, logistics, healthcare, business, and technology, which together contribute to a strong job market and economic stability.
Inquire at CBRE.
