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918 10th st - Staybridge Suites by IHG Development Project 1.43 Acres of Commercial Land Offered at $2,100,000 in Waco, TX 76706
Investment Highlights
- The offering: acquire the development site, building plans, and a secured IHG franchise agreement for the development of a Staybridge Suites hotel.
- The brand benefits from IHG One Rewards’ 100M+ member base and commands ADR premiums over midscale, extended-stay competitors.
- Major demand drivers: Baylor University, Baylor Scott & White Medical Center, L3Harris Technologies, and SpaceX's McGregor manufacturing facility.
- Staybridge Suites by IHG hotels provide evening receptions, a 24/7 pantry, and home-like amenities, which are popular with guests.
- The site is situated near Baylor University and within walking distance of the Magnolia Market/Silos tourism district, proximate to the I-35 corridor.
Executive Summary
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.
Property Facts
| Price | $2,100,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 1.43 AC |
| Property Type | Land | ||
| Zoning | C-2 Community Commercial | ||
| Price | $2,100,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 1.43 AC |
| Zoning | C-2 Community Commercial |
1 Lot Available
Lot
| Price | $2,100,000 | Lot Size | 1.43 AC |
| Price Per AC | $1,468,531.47 |
| Price | $2,100,000 |
| Price Per AC | $1,468,531.47 |
| Lot Size | 1.43 AC |
Address: 918 South 10th Street Waco, Texas 76706 Property ID: 414804 Size: 1.43 Acres (62,247 SF) Zoning: C-2 Community Commercial District
Description
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. The site is situated near Baylor University and within walking distance of the Magnolia Market/Silos tourism district, proximate to the Interstate 35 corridor. 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. 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.
