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SpringHill Suites Austin Cedar Park 1110 Discovery Blvd 85 Room Hotel Cedar Park, TX 78613 $16,512,574 ($194,266/Room) 6.45% Cap Rate
INVESTMENT HIGHLIGHTS
- Renovated: Q1-2025; 4.6/5 Marriott-verified Guest Reviews; High Guest Service Scores; Very Clean
- 1-mile from 118-acre Nebraska Furniture Mart mixed-use development ($400M, Phase 1 opening 2026)
- Cedar Park has growing corporate presence in aerospace, med-tech, and other high growth industries
- Market Leader in Cedar Park since 2017; Cedar Park is 3rd largest Austin suburb with highly educated population
- Walkable to Costco and numerous restaurants
- Nearby entertainment venues include HEB Center, Haute Spot, The Crossover, Spare Birdie Public House
EXECUTIVE SUMMARY
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.
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.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $16,512,574 | Lot Size | 2.48 AC |
| Price Per Room | $194,266 | Building Size | 52,488 SF |
| Sale Type | Investment | No. Rooms | 85 |
| Cap Rate | 6.45% | No. Stories | 4 |
| Property Type | Hospitality | Year Built/Renovated | 2016/2025 |
| Property Subtype | Hotel | Parking Ratio | 1.71/1,000 SF |
| Building Class | B | Corridor | Interior |
| Zoning | F1 - Commercial | ||
| Price | $16,512,574 |
| Price Per Room | $194,266 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.48 AC |
| Building Size | 52,488 SF |
| No. Rooms | 85 |
| No. Stories | 4 |
| Year Built/Renovated | 2016/2025 |
| Parking Ratio | 1.71/1,000 SF |
| Corridor | Interior |
| Zoning | F1 - Commercial |
AMENITIES
- Business Center
- Fitness Center
- On-Site Retail
- On-Site Bar
- Outdoor Pool
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Smoke Detector
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 85 | $180.00 | - |
PROPERTY TAXES
| Parcel Number | R523948 | Total Assessment | $9,028,263 (2025) |
| Land Assessment | $2,313,480 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $6,714,783 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
R523948
Land Assessment
$2,313,480 (2025)
Improvements Assessment
$6,714,783 (2025)
Total Assessment
$9,028,263 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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SpringHill Suites Austin Cedar Park | 1110 Discovery Blvd
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