200 Colonnade Pky - Hospitality FOR SALE
Woodway, TX 76712 |
$8,500,000 USD
214-432-4719
200 Colonnade Pky
Woodway, TX 76712
HIGHLIGHTS
- 82-key Springhill Suites by Marriott in Woodway, TX, near Baylor University and major employers.
- Offered at $8,500,000 with 2025 projected NOI of $856,821 and strong value-add upside.
- Consistent RevPAR above $94 for four years; 2025 occupancy projected at 76.47%.
- Located within 5 miles of Baylor University and Baylor Scott & White healthcare system.
- Major $1.4B downtown redevelopment and new sports district drive future demand.
- Institutionally owned, 2009 build with 2019 renovation, 70,660 SF on 2.56 acres.
FOR SALE DETAILS
PRICE
$8,500,000 USD
PRICE/SF
$120 USD /SF
# OF ROOMS
82
PRICE/ROOM
$103,659 {currency}
CAP RATE
10.08%
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Springhill Suites Waco Woodway
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2009
PARKING SPACES
100
LAND DETAILS
LAND ACRES
2.56 AC
LAND SF
111,514 SF
ZONING
C1
APN/PARCEL ID
36-278000-005302-0
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214-432-4719
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214-432-4719
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