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Homewood Suites by Hilton 10809 Pecan Park Blvd 83 Room Hotel Austin, TX 78750 For Sale
Investment Highlights
- A change of ownership PIP has been issued by Hilton with very minimal requirements for the new owner.
- The HWS is located within close proximity to the University of Texas’ newly announced UT Dell Medical Center and 300- acre Advanced Research Campus.
- The Homewood Suites is available to be acquired alongside the adjacent Hampton Inn & Suites as a two-asset portfolio.
Executive Summary
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the Homewood 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 extended-stay asset with significant potential for value enhancement in a thriving submarket of Austin, Texas.
Property Facts
| Sale Type | Investment | Building Size | 75,656 SF |
| Property Type | Hospitality | No. Rooms | 83 |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2021 |
| Lot Size | 3.15 AC | Corridor | Interior |
| Zoning | C | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.15 AC |
| Building Size | 75,656 SF |
| No. Rooms | 83 |
| No. Stories | 4 |
| Year Built | 2021 |
| Corridor | Interior |
| Zoning | C |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Meeting Event Space
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 83 | $161.00 | - |
Fairly walkable
50/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | R544518 | Improvements Assessment | $5,525,844 |
| Land Assessment | $2,473,156 | Total Assessment | $7,999,000 |
Property Taxes
Parcel Number
R544518
Land Assessment
$2,473,156
Improvements Assessment
$5,525,844
Total Assessment
$7,999,000
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Homewood Suites by Hilton | 10809 Pecan Park Blvd
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