Property Overview
Deal Highlights:
• Growing North Austin Lakeline Market
• Excellent Location Among Local Demand Generators
• Operational Upside Potential for a Vigorous Operator
• Limited New Supply Outlook
• Underperforming Hotel
• Outstanding Brand Recognition and Acceptance by Guests
• Unencumbered by Management
Built in 2018, the 5-story, 118-room select-service hotel offers a mix of standard rooms and suites, catering to both business and leisure travelers. The hotel features modern amenities, including The Bistro restaurant, a fitness center, an indoor pool, and flexible meeting spaces.
The hotel benefits from strong business and institutional demand, with proximity to Apple’s $1 billion North Austin campus (opens in 2026 with 5000 employees), IBM, eBay, and the Cedar Park Regional Medical Center. Additionally, it serves as a convenient lodging option for visitors to Lakeline Mall, the H-E-B Center at Cedar Park, and many other local businesses. Easy access from U.S. Highway 183 and State Highway 45 enhances the property’s appeal to both corporate and transient guests.
This offering presents a rare opportunity to acquire a well-positioned, high value branded hospitality asset in a high-growth submarket within the thriving Austin market area.
Property Highlights
| Asking Price | $15,500,000 |
| Location | Highways 45 & 183 |
| Property Description | Select Service |
| Number of Rooms | 118 |
| Major Source of Business | Tourism, Tech, Business/Corporate, Transient, Leisure, Medical & University |
| Site Size | +/- 1.88 |
| Year Built |
2018 |
| Common Area Amenities | On-site cafe, business center, 24/7 fitness room, meeting room, outdoor patios and firepit, guest laundry & indoor pool |