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Land For Sale • 1.43 AC
This offering presents the opportunity to acquire 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. The site is situated near Baylor University and within walking distance of the Magnolia Market/Silos tourism district, proximate to the Interstate 35 corridor. 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. The property is proximate to local attractions and walking distance from Magnolia Market at the Silos, the Baylor Sports Complex, and the Downtown Warehouse District.
| The offering: acquire the development site, building plans, and a secured IHG franchise agreement for the development of a Staybridge Suites hotel. |
| 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. |
| The site is situated near Baylor University and within walking distance of the Magnolia Market/Silos tourism district, proximate to the I-35 corridor. |
| Major demand drivers: Baylor University, Baylor Scott & White Medical Center, L3Harris Technologies, and SpaceX's McGregor manufacturing facility. |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Waco Regional | 20 min | - | 9.3 mi |
Eric Guerrero
HVS
Eric Guerrero
HVS
