Hampton Inn & Suites Selma-San Antonio-Randolph AFB Listed for Sale in Expanding San Antonio Market

The Hampton Inn & Suites Selma-San Antonio-Randolph AFB in Selma, Texas, has been listed for sale, offering potential buyers a recently renovated hotel located near major transportation, healthcare, and economic demand drivers.

Property Overview

The Hampton Inn & Suites Selma-San Antonio-Randolph AFB, located in Selma, Texas, is being offered for sale. The hotel is situated off Interstate 35, approximately five miles from Randolph Air Force Base. It is positioned across from The Forum at Olympia Parkway, a major shopping center in Texas. The property is being marketed as a limited-service hotel asset with potential for value enhancement in the San Antonio submarket.

Renovations and Physical Condition

The hotel underwent a full renovation between 2024 and 2025. All brand-mandated improvements were completed, and the current ownership exceeded these requirements. As a result, the property is presented as having minimal near-term capital expenditure needs.

Transportation and Accessibility

The property benefits from ongoing and planned expansions of major transportation routes. The Texas Department of Transportation’s Interstate 35 Northeast Expansion (NEX) and Loop 1604 North Expansion are expected to improve regional connectivity and reduce congestion. The I-35 NEX Central segment is under construction and is scheduled for completion in late 2027. Portions of the Loop 1604 expansion are expected to be delivered between 2026 and 2028. These projects are anticipated to enhance long-term demand, visibility, and accessibility for the hotel.

Healthcare Development Proximity

The hotel is located near University Health Retama Hospital, a new medical campus in Selma. The hospital is scheduled to open in early 2027 and will offer a 24/7 emergency department, inpatient, and surgical services. The proximity to this facility is expected to generate lodging demand from medical staff, patients, and visitors.

Ownership and Operational Opportunity

The hotel is currently operated by an out-of-state owner and is being offered unencumbered by management. This allows a local operator to assume control. The offering highlights the potential for operational improvements, including cost controls and revenue management, that could increase revenue per available room (RevPAR).

Demand Drivers and Location Advantages

The Hampton Inn & Suites benefits from its proximity to several demand generators. These include Randolph Air Force Base, the Randolph-Brooks Federal Credit Union headquarters, Methodist Hospital Northeast, and the Amazon Distribution Center. The location along Interstate 35, near The Forum at Olympia Parkway and Retama Park, positions the hotel to attract guests from the military, corporate, healthcare, and retail sectors.

Market and Economic Context

The San Antonio metropolitan area has a population of over 2.76 million and is one of the fastest-growing metropolitan areas in the United States. It ranks 24th nationally and third in Texas by population. In 2024, San Antonio attracted 36.8 million visitors, generating $23.4 billion in economic impact for the hospitality sector. The area features a diverse employment base, including sectors such as military, tourism, advanced manufacturing, healthcare, and cybersecurity. The unemployment rate in the region stands at 3.7%, which is below the national average.

Inquire at CBRE.