1110 Discovery Blvd - Hospitality FOR SALE


Cedar Park, TX 78613
$16,512,574 USD
940-704-2474
1110 Discovery Blvd, Cedar Park, TX for Sale
$16,512,574 USD
Hospitality - FOR SALE
1/25
null | 6.45% Cap Rate

1110 Discovery Blvd
Cedar Park, TX 78613


HIGHLIGHTS

  • Renovated: Q1-2025; 4.6/5 Marriott-verified Guest Reviews; High Guest Service Scores; Very Clean
  • Market Leader in Cedar Park since 2017; Cedar Park is 3rd largest Austin suburb with highly educated population
  • 1-mile from 118-acre Nebraska Furniture Mart mixed-use development ($400M, Phase 1 opening 2026)
  • Walkable to Costco and numerous restaurants
  • Cedar Park has growing corporate presence in aerospace, med-tech, and other high growth industries
  • Nearby entertainment venues include HEB Center, Haute Spot, The Crossover, Spare Birdie Public House

OVERVIEW

Renovated in Q1-2025, this market leading hotel in NW Austin City of Cedar Park (3rd largest Austin suburb) has been meticulously maintained since opening in late 2016. Located next to Costco in the heart of Cedar Park Town Center (NWQ 183-A / Hwy 1431) and 1-mile from the 118-acre NFM development (delivering 2026) with over 1M SF. Cedar Park has growing corporate presence in the aerospace, med-tech and other high growth industries. Entertainment venues nearby include the HEB Center, Haute Spot Venue, and Spare Birdie Public House. There is a healthy mix of leisure, corporate and group demand that provides solid occupancy and substantially above-market average daily rate. The beautiful, outdoor saltwater pool, large hot tub and fire-wall lounge are guest delighters. The thoughtfully designed, full-service SHS Bar generates revenue and ADR lift. A minimal PIP is expected for a Marriott-approved license transfer to a new owner. The hotel is located on the City's hike/bike trail system and Town Center Lake. The trail around the lake is ~1.1 mile. Hotel has won multiple awards from Marriott over the years. Currently this hotel carries a 4.6/5 from Marriott-verified Guest Reviews (highest in Austin MSA). Broker is partial owner. Do not contact property directly under any circumstances. Denman Properties is also marketing the 120-rm Residence Inn site located at 1410 Main Street, Cedar Park, TX 78613. Properties could be purchased together.

FOR SALE DETAILS

PRICE

$16,512,574 USD

PRICE/SF

$315 USD /SF

# OF ROOMS

85

PRICE/ROOM

$194,266 {currency}

CAP RATE

6.45%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SpringHill Suites Austin Cedar Park

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2016

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.48 AC

LAND SF

108,029 SF

ZONING

F1

APN/PARCEL ID

R523948

ASK ABOUT THIS PROPERTY

Doug DenmanDenman PropertiesMore Info
940-704-2474

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Doug DenmanDenman PropertiesMore Info
940-704-2474

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