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200 Colonnade Pky
Woodway, TX 76712

$8,500,000 USD

Hotel For Sale  •  70,660 SF

Property Details

• Property Type Hotel
• Total Building Size 70,660 SF
• Lot Size 2.56 AC
• Building Class B
• Year Built 2009
• Cap Rate 10.08 %
• Tenancy Multiple
• Zoning C1

50 Walk Score

Highlights

82-key Springhill Suites by Marriott in Woodway, TX, near Baylor University and major employers.

Offered at $8,500,000 with 2025 projected NOI of $856,821 and strong value-add upside.

Consistent RevPAR above $94 for four years; 2025 occupancy projected at 76.47%.

Located within 5 miles of Baylor University and Baylor Scott & White healthcare system.

Major $1.4B downtown redevelopment and new sports district drive future demand.

Institutionally owned, 2009 build with 2019 renovation, 70,660 SF on 2.56 acres.

Cap Rate:

10.08 %

Amenities

• Business Center
• Fitness Center
• Pool
• On-Site Bar
• Meeting Event Space

Public Transportation

Airport	Drive	Walk	Distance
Waco Regional	24 min	-	11.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	100
Type:	Surface
Included in Rent:	Yes