Available
Independent
- Keys
- 84
- Brand
- Marriott
- Chain Scale
- Select Service
- Year Built
- 2019
- Year Renovated
- —
- ADR
- $132
- RevPAR
- $94
- Occupancy
- 71%
- Asking Price
- $11,200,000
- Encumbrance
- Encumbered (Marriott franchise through 2034)
- Mgmt / Franchise
- Marriott (franchise)
- Call for Offers
- April 4, 2026
Opportunity Overview
Position. Why this asset, now.
An 84-key Fairfield Inn & Suites by Marriott in Waco, four miles from Magnolia Market and adjacent to the I-35 / Loop 340 interchange. The asset was developed in 2019 to current Fairfield Generation 4.5 prototype — no required PIP through 2030.
Waco's leisure-tourism story is durable: Magnolia, Baylor athletics, and a steady regional drive-to base out of Dallas-Fort Worth. The asset trades below replacement cost at $133K per key.
Below replacement. $133K per key vs. ~$165K replacement build cost.
Magnolia adjacent. 4 miles to Magnolia Market and Silos District.
Baylor proximity. 5 miles to Baylor stadium and main campus.
PIP-clean. 2019 vintage on current prototype.
Drive-to demand. 90 minutes from DFW — durable leisure base.
Gallery
See the asset. 18 photos in the full gallery.
Full gallery and OM available on request.
Location
Where the asset sits.
Address
5650 Legend Lake ParkwayWaco, TX
Demand drivers
- Four miles to Magnolia Market
- Five miles to Baylor stadium and main campus
- Direct I-35 / Loop 340 interchange access
Waco, TX
