Development Site and Franchise Rights: 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.