Development Site and Franchise Rights

• This opportunity includes 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 at the Silos, the Baylor Sports Complex, and the Downtown Warehouse District, with convenient access 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.