832-270-1699
10811 Pecan Park Blvd, Austin, TX for Sale
Hospitality - FOR SALE
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10811 Pecan Park Blvd
Austin, TX 78750
Anderson Mill


HIGHLIGHTS

  • Expected to trade at a discount to replacement cost given the market’s high barrier to entry driven by high construction cost & stringent regulations.
  • The hotel will be delivered unencumbered of management. This presents significant potential upside for a more hands-on operator.
  • $25.5M Enovis medical facility approved in Cedar Park, bringing 162 jobs and reinforcing the area’s growing life sciences and tech presence.
  • 10 minutes from Apple’s new $1B Austin campus, home to up to 15,000 employees, boosting long-term tech-driven lodging demand.

OVERVIEW

CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the Hampton Inn & Suites in Austin, Texas. The hotel benefits from strong demand driven by its proximity to Lakeline Mall, the Austin Aquarium, Avery Ranch Golf Club, Lake Travis, Riata Trace and Amber Oaks business parks, The Domain, Cedar Park Regional Medical Center, the H-E-B Center at Cedar Park, Round Rock Sports Center, Dell Diamond, Q2 Stadium, and broader regional drivers such as UT Austin, major tech employers, and citywide events including SXSW, Austin City Limits, and Formula One. This offering represents a unique opportunity to acquire a premium limited-service asset with significant potential for value enhancement in a thriving submarket of Austin, Texas.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

71

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hampton Inn & Suites Austin Cedar Park

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2007

PARKING SPACES

76

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

MU3A

APN/PARCEL ID

R544517

ASK ABOUT THIS PROPERTY

Dennis DrakeCBREMore Info
832-270-1699

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Dennis DrakeCBREMore Info
832-270-1699

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.