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Land For Sale • 1.54 AC
This offering presents the opportunity to acquire the 1.54-acre development site and a secured InterContinental Hotels Group (IHG) franchise agreement for the development of a 92-key Candlewood Suites hotel. 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. The property is strategically positioned near major corporate demand generators, including L3Harris Technologies, SpaceX McGregor, Caterpillar, Baylor University, and leading regional healthcare facilities. Additionally, the site is conveniently located near local attractions, just minutes from Magnolia Market at the Silos, the Baylor University Sports Complex, and the Downtown Warehouse District, supporting a well-balanced mix of corporate and leisure demand.
| Highly visible site directly off U.S. Highway 84 in the affluent Woodway submarket |
| Steps from retail and dining along the Colonnade Parkway commercial corridor |
| Near key corporate demand generators, such as L3Harris, SpaceX McGregor, Caterpillar, Baylor University, and major regional hospitals |
| Proximate to local attractions and minutes from Magnolia Market at the Silos, the Baylor Sports Complex, and the Downtown Warehouse District |
| Candlewood Suites' lean operating model, with no F&B program/restaurant but rather the Candlewood Cupboard market pantry, delivers strong GOP margins. |
| The brand's lower construction cost per key makes it a highly efficient development choice backed by IHG One Rewards' 100M+ members. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Waco Regional | 24 min | - | 10.6 mi |
Eric Guerrero
HVS
Eric Guerrero
HVS
