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209 Colonnade Pkwy - Home2 Suites/Tru by Hilton Dev. Project 3.85 Acres of Commercial Land Offered at $2,500,000 in Woodway, TX 76712
Investment Highlights
- Highly visible site just off U.S. Highway 84 in the affuent Woodway submarket
- Near key corporate demand generators, such as L3Harris, SpaceX McGregor, Caterpillar, Baylor University, and major regional hospitals
- The 159-key dual-brand format enables shared sta ng, laundry, maintenance, and management, reducing per-key operating costs and enhancing NOI.
- Steps from retail and dining along the Colonnade Parkway commercial corridor
- Proximate to local attractions and minutes from Magnolia Market at the Silos, the Baylor Sports Complex, and the Downtown Warehouse District
- The dual-brand model with diversified revenue streams is increasingly favored by institutional investors.
Executive Summary
? Operational Scale and Back-of-House Efficiencies: The 159-key dual-brand format enables shared staffing, laundry, maintenance, and management, reducing per-key operating costs and enhancing NOI.
? Diversified Revenue Streams: This presents the opportunity to capture both extended-stay and transient demand from a robust employer base (L3Harris, SpaceX McGregor, Caterpillar, Baylor); two independent revenue engines with separate occupancy cycles provide downside protection.
? Institutional Quality Asset: The dual-brand model with diversified revenue streams is increasingly favored by institutional investors. Both brands benefit from Hilton Honors' 150M+ member loyalty base. The asset would offer scale, brand quality, and market depth that is rare in the Waco submarket of Woodway.
Property Facts
1 Lot Available
Lot
| Price | $2,500,000 | Lot Size | 3.85 AC |
| Price Per AC | $649,350.65 |
| Price | $2,500,000 |
| Price Per AC | $649,350.65 |
| Lot Size | 3.85 AC |
Approximate address: 209 Colonnade Pkwy, Woodway, TX 76712 Property ID: 408898 Size: 3.85 Acres (167,750 SF)
Description
This offering presents the opportunity to acquire the development site and secured Hilton franchise rights for the development of a dual-brand Home2 Suites/Tru by Hilton hotel project. The site benefits from excellent visibility just off U.S. Highway 84 within the affluent Woodway submarket and is steps from the retail and dining options along the Colonnade Parkway corridor. The property is strategically positioned near major corporate demand generators, including L3Harris Technologies, SpaceX McGregor, Caterpillar, Baylor University, and leading regional healthcare facilities. Additionally, the site is conveniently located near local attractions, just minutes from Magnolia Market at the Silos, the Baylor University Sports Complex, and the Downtown Warehouse District, supporting a well-balanced mix of corporate and leisure demand.
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209 Colonnade Pkwy - Home2 Suites/Tru by Hilton Dev. Project
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