214-549-2125
11603 Jollyville Rd, Austin, TX for Sale
Hospitality - FOR SALE
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11603 Jollyville Rd
Austin, TX 78759
Great Hills


HIGHLIGHTS

  • Convenient access to major arteries including US-183 and Loop 360, offering connectivity throughout the metro.
  • Located within a thriving corridor surrounded by retail, dining, and professional services.
  • Austin-Bergstrom International Airport approximately 22.7 miles away, enhancing business accessibility.

OVERVIEW

Hunter Advisors has been exclusively engaged to offer for sale the fee simple interest in the Tru by Hilton Austin Northwest Arboretum (the “Hotel” or “Property”), a 121-key, Hilton-branded select service hotel strategically located in Northwest Austin. Delivered in 2022, the four-story Hotel is positioned within one of North Austin’s most established commercial corridors, benefiting from convenient access to the Arboretum area, The Domain, and the broader Highway 183 / Mopac corridor. The Property’s location places it near a diverse mix of retail, dining, office, and entertainment demand generators, supporting both weekday and weekend lodging demand. The Hotel benefits from a broad base of corporate, technology, research, and entertainment demand throughout North Austin. Key demand drivers include The Domain, Austin’s premier mixed-use district; Paloma Ridge Business Park; the Apple campus presence across Northwest Austin; and the J.J. Pickle Research Campus, which collectively reinforce the depth and diversity of the Property’s corporate and institutional lodging base. The nearby UT Dell Medical Center development, planned on 27 acres west of the J. J. Pickle Research Campus, is expected to further expand the area’s long-term healthcare, research, and institutional demand base with a future 300- to 500-bed hospital, outpatient facilities, and a full-service emergency department. In addition, nearby sports and entertainment venues such as Q2 Stadium and the H-E-B Center at Cedar Park provide an additional source of event-driven demand, further broadening the Hotel’s overall demand profile. The Offering presents investors with the opportunity to acquire a recently developed, Hilton branded hotel at an attractive per-key basis during a period of broader market dislocation in Austin. As a newer-generation asset within an established submarket characterized by largely older competitive inventory, the Hotel offers a contemporary product with limited near term capital requirements and reduced upfront renovation risk. At the same time, elevated construction costs, tighter financing conditions, and a more selective development environment continue to challenge the feasibility of new hotel projects, enhancing the appeal of acquiring a well-located, turn-key asset at a basis that should compare favorably to replacement cost. While the Austin Convention Center redevelopment has weighed on certain sources of near-term citywide compression, recent performance and forward booking data indicate resilient event demand during the transition and meaningful long-term convention upside as redevelopment progresses.

FOR SALE DETAILS

PRICE

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# OF ROOMS

121

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tru by Hilton Austin NW Arboretum

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2022

PARKING SPACES

123

LAND DETAILS

LAND ACRES

2.01 AC

LAND SF

87,556 SF

ZONING

GR-MU

APN/PARCEL ID

424161

ASK ABOUT THIS PROPERTY

Mason McDavidHunter Hotel AdvisorsMore Info
214-549-2125

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Mason McDavidHunter Hotel AdvisorsMore Info
214-549-2125

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