The hotel property includes a 202 room Econolodge, plus a leased Denny’s restaurant on one legal parcel.

The hotel was built originally as a Comfort Inn. The property has undergone extensive renovation over the past few years with some work remaining.

The hotel is in relatively good physical condition and the basic structure appears to be solid.

The building consists of a 6 story wing and a three story wing.

There is about 2 years left on the Econolodge franchise agreement until an option to leave the system.

There is a Denny’s restaurant on the property leased to an established operator.

The property is approximately 3.5 miles from the San Antonio airport and 8.5 miles from the Downtown business district.

There are numerous office and mixed use centers nearby.

Fort Sam Houston is about 2 miles south and Randolph Air Force Base is about 5 miles to the east. Lackland AFB is about 15 miles away. The North Star Mall is about 5 miles away.

There are numerous golf facilities within easy driving distance.

This San Antonio hotel was recently renovated ($500,000) and is an all-interior corridor property.

The beautiful outside courtyard area is the perfect area for relaxing.

There are Guest laundry facilities.

Denny’s lease begins the 12th year of a 20 year term in April, 2005. The current rent is $4500 per month against a 5% gross. It increases to $5000 per month in 2008. There are two 5 year options to renew $5500 and $6000 per month respectively.

The tenant is responsible for all maintenance and repairs on their building and must maintain full coverage insurance.

Tenant pays their share of the property taxes in monthly installments to the owner.

The property can be purchased as real estate or as shares of the corporation.

The Econolodge agreement has an option to opt out in January, 2007.