1st St Waco, TX 76708

Listing office Rad Commercial Realty

Listing date Jan 22, 2024

Source Crexi

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Investment Insights

Based on property information with market context.

This newly constructed, Marriott branded property presents a value-added opportunity with potential for operational optimization. The property benefits from strong demand drivers, including the state-of-the-art Foster Pavilion basketball stadium, which opened in 2024 with a 7,500-seat capacity. Foster Pavilion is located on the edge of campus, across Interstate 35 from McLane Stadium, the football stadium that opened in 2014. The basketball arena is part of a $700 million riverfront development in partnership between the school and the city of Waco. Room revenue performance continues to improve. The property is offered with non-union operations and fee simple interest, unencumbered by management.

Key Highlights

• Value‑add opportunity with 10‑20% upside potential through optimized operations.
• Newly constructed, Marriott‑branded property.
• Strong demand drivers due to the new Foster Pavilion basketball stadium (7,500 seats).

Property Analytics

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FAQs

What type of property is this?

Hotel - Marriott branded property near Baylor University and McLane Stadium.

Where is this hotel located?

The property is located at 1st St Waco, TX.

What are key features of this property?

This property features: Value‑add opportunity with 10‑20% upside potential through optimized operations.; **Newly constructed, Marriott‑branded property.**; **Strong demand drivers due to the new Foster Pavilion basketball stadium (7,500 seats).**