Development Site and Franchise Rights

• This opportunity includes both the development site and a secured InterContinental Hotels Group (IHG) franchise agreement for the development of a 92-key Candlewood Suites hotel.

Excellent Location Off U.S. Highway 84

• The site benefits from a highly visible location off U.S. Highway 84 in the affluent Woodway submarket, steps from retail and dining along the Colonnade Parkway commercial corridor.

Efficient Midscale Extended-Stay Model

• Candlewood Suites' lean operating model, with no F&B program/restaurant but rather the Candlewood Cupboard market pantry, delivers strong gross operating profit (GOP) margins. The brand's lower construction cost per key makes it a highly efficient development choice backed by IHG One Rewards' 100M+ members.

High-Income Trade Area with Resilient Rate Fundamentals 

• Situated within the well-established Woodway market, the area’s affluent household incomes and healthy commercial environment reinforce rate integrity and help sustain year‑round corporate and leisure lodging demand.

Dynamic Corporate Demand Drivers

• Nearby companies and entities that generate lodging demand include L3Harris, SpaceX McGregor, Caterpillar, Baylor University, and major regional hospitals.

Minutes from Waco's Leading Leisure Attractions

• The site is proximate to local attractions and minutes from Magnolia Market at the Silos, the Baylor Sports Complex, and the Downtown Warehouse District.