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26455952
26455971

1110 Discovery Blvd, Cedar Park, TX 78613

JD
TX 187961
Denman Properties
Listed by Denman Properties
$16,512,574
296 days on market
Updated 73 days ago

SpringHill Suites Austin Cedar Park

Details
Property Type Hospitality, Business for Sale
Sub Type Hotel
Square Footage 52,488
Keys 85
Cap Rate 6.45%
NOI $1,065,062
Brand/Tenant Marriott Hotels
Price per SqFt $315
Year Built 2016
Year Renovated 2025
Stories 4
Acreage 2.480
Parking Spaces 90 spaces
Parking Per SqFt 1.71

Austin-Round Rock MSA, Cedar Park Market Leader, Well Maintained, Walkable

Marketing description

Renovated in Q1-2025, this market leading hotel in NW Austin City of Cedar Park (3rd largest Austin suburb) has been meticulously maintained since opening in late 2016. Located next to Costco in the heart of Cedar Park Town Center (NWQ 183-A / Hwy 1431) and 1-mile from the 118-acre NFM development (Phase 1 delivering 2026) with over 1M SF. Cedar Park has growing corporate presence in the aerospace, med-tech and other high growth industries. Entertainment venues nearby include the HEB Center, Haute Spot Venue, and Spare Birdie Public House. There is a healthy mix of leisure, corporate and group demand that provides solid occupancy and substantially above-market average daily rate. The beautiful outdoor saltwater pool, large hot tub and fire-wall lounge are guest delighters. The thoughtfully designed, full-service SHS Bar generates revenue and ADR lift. A minimal PIP is expected for a Marriott-approved license transfer to a new owner. The hotel is located on the City's hike/bike trail system and Town Center Lake. The trail around the lake is ~1.1 mile.

Hotel has won multiple awards from Marriott over the years. Currently this hotel carries a 4.6/5 from Marriott-verified Guest Reviews (highest in Austin MSA).

Broker is partial owner. Do not contact property directly under any circumstances.

Denman Properties is also marketing ~3.3 acre site located at 1410 Main Street, Cedar Park, TX 78613 at the NWQ of Main St. and Discovery Blvd. Properties could be purchased together.

Investment highlights

Renovated: Q1-2025: new carpet throughout the property, new wall vinyl in public areas, new seating in lobby

4.6/5 Marriott-verified Guest Reviews; 4.6/5 Google Reviews

Market Leader in Cedar Park since 2017; Cedar Park is 3rd largest Austin suburb with highly educated population

Cedar Park has growing corporate presence in aerospace, med-tech, and other high growth industries

1-mile from 118-acre Nebraska Furniture Mart mixed-use development ($400M, Phase 1 opening 2026)

Walkable to numerous restaurants and Costco

Nearby entertainment venues include HEB Center, Haute Spot, The Crossover, Spare Birdie Public House

Listing Contacts

JD
TX 187961
Denman Properties
Listed by Denman Properties

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$1,065,062.00
$88,755.17/mo

Valuation Metrics

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DSCR
6.45%
Cap Rate
6.45%
ROI

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Additional Information

Name
John Denman
License
187961
Brokerage
Denman Properties
Brokerage Phone
940-781-1401
Title
John Denman
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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