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918 10th st - Staybridge Suites by IHG Development Project 1.43 Acres of Commercial Land Offered at $2,909,004 CAD in Waco, TX 76706
Investment Highlights
- The offering: acquire the development site, building plans, and a secured IHG franchise agreement for the development of a Staybridge Suites hotel.
- The brand benefits from IHG One Rewards’ 100M+ member base and commands ADR premiums over midscale, extended-stay competitors.
- Major demand drivers: Baylor University, Baylor Scott & White Medical Center, L3Harris Technologies, and SpaceX's McGregor manufacturing facility.
- Staybridge Suites by IHG hotels provide evening receptions, a 24/7 pantry, and home-like amenities, which are popular with guests.
- The site is situated near Baylor University and within walking distance of the Magnolia Market/Silos tourism district, proximate to the I-35 corridor.
Executive Summary
This offering presents the opportunity to acquire the pad-ready development site, fully completed building plans, and a secured InterContinental Hotels Group (IHG) franchise agreement for the development of a Staybridge Suites hotel.
IHG Upscale Extended-Stay Brand:
Staybridge Suites by IHG hotels provide evening receptions, a 24/7 pantry, and home-like amenities, which are popular with guests. The brand benefits from IHG One Rewards’ 100M+ member base and commands ADR premiums over midscale, extended-stay competitors.
Exceptional Downtown Waco Location:
The site is situated near Baylor University and within walking distance of the Magnolia Market/Silos tourism district, proximate to the Interstate 35 corridor.
Strong Multi-Segment Demand Base:
Major demand drivers include Baylor University, Baylor Scott & White Medical Center, L3Harris Technologies, and SpaceX's McGregor manufacturing facility. Downtown revitalization investment further supports extended-stay demand growth.
Key Leisure Attractions:
The property is proximate to local attractions and walking distance from Magnolia Market at the Silos, the Baylor Sports Complex, and the Downtown Warehouse District.
Property Facts
| Price | $2,909,004 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 1.43 AC |
| Zoning | C-2 Community Commercial | ||
| Price | $2,909,004 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 1.43 AC |
| Zoning | C-2 Community Commercial |
1 Lot Available
Lot
| Price | $2,909,004 CAD | Lot Size | 1.43 AC |
| Price Per AC | $2,034,268.47 CAD |
| Price | $2,909,004 CAD |
| Price Per AC | $2,034,268.47 CAD |
| Lot Size | 1.43 AC |
Address: 918 South 10th Street Waco, Texas 76706 Property ID: 414804 Size: 1.43 Acres (62,247 SF) Zoning: C-2 Community Commercial District
Description
This offering presents the opportunity to acquire the pad-ready development site, fully completed building plans, and a secured InterContinental Hotels Group (IHG) franchise agreement for the development of a Staybridge Suites hotel. The site is situated near Baylor University and within walking distance of the Magnolia Market/Silos tourism district, proximate to the Interstate 35 corridor. Major demand drivers include Baylor University, Baylor Scott & White Medical Center, L3Harris Technologies, and SpaceX's McGregor manufacturing facility. Downtown revitalization investment further supports extended-stay demand growth. The property is proximate to local attractions and walking distance from Magnolia Market at the Silos, the Baylor Sports Complex, and the Downtown Warehouse District.
Presented by
918 10th st - Staybridge Suites by IHG Development Project
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