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Springhill Suites Waco Woodway 200 Colonnade Pky 82 Room Hotel Woodway, TX 76712 $11,642,535 CAD ($141,982 CAD/Room) 10.08% Cap Rate
Investment Highlights
- 82-key Springhill Suites by Marriott in Woodway, TX, near Baylor University and major employers.
- Consistent RevPAR above $94 for four years; 2025 occupancy projected at 76.47%.
- Major $1.4B downtown redevelopment and new sports district drive future demand.
- Offered at $8,500,000 with 2025 projected NOI of $856,821 and strong value-add upside.
- Located within 5 miles of Baylor University and Baylor Scott & White healthcare system.
- Institutionally owned, 2009 build with 2019 renovation, 70,660 SF on 2.56 acres.
Executive Summary
Patrick Graham
Matthews Real Estate Investment Services, Inc
License # 9005919, 528005 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Matthews Real Estate Investment Services, Inc
License # 9005919, 528005 (TX)
2699 Howell St., Suite 400, Dallas, TX 75204
(866) 889-0550
Property Facts
| Price | $11,642,535 CAD | Lot Size | 2.56 AC |
| Price Per Room | $141,982 CAD | Building Size | 70,660 SF |
| Sale Type | Investment | No. Rooms | 82 |
| Cap Rate | 10.08% | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 2009/2019 |
| Property Subtype | Hotel | Parking Ratio | 1.42/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | C1 | ||
| Price | $11,642,535 CAD |
| Price Per Room | $141,982 CAD |
| Sale Type | Investment |
| Cap Rate | 10.08% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.56 AC |
| Building Size | 70,660 SF |
| No. Rooms | 82 |
| No. Stories | 4 |
| Year Built/Renovated | 2009/2019 |
| Parking Ratio | 1.42/1,000 SF |
| Corridor | Interior |
| Zoning | C1 |
Amenities
- Business Center
- Fitness Center
- Pool
- On-Site Bar
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 82 | $210.94 CAD | - |
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 36-278000-005302-0 | Improvements Assessment | $10,396,756 CAD |
| Land Assessment | $1,527,240 CAD | Total Assessment | $11,923,996 CAD |
Property Taxes
Parcel Number
36-278000-005302-0
Land Assessment
$1,527,240 CAD
Improvements Assessment
$10,396,756 CAD
Total Assessment
$11,923,996 CAD
Contacts
-
Alfonso Garcia -
Mitchell Glasson -
Ryan Kawai Sanchez -
Matthews Real Estate Investment Services
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Springhill Suites Waco Woodway | 200 Colonnade Pky
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