Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the leasehold interest in the La Quinta Inn & Suites by Wyndham Lakeway (‘Hotel’ or ‘Property’). The Property is offered at $8,500,000 or $81,731 per key. The La Quinta Inn & Suites by Wyndham Lakeway is located at 1943 Medical Drive, just off RM 620, in Lakeway, TX. The 104-room, four-story building was built in 2020 and sits on 0.69 acres. With approximately 30,000 square-feet between four floors, the Property maintains a plethora of common area amenities including an outdoor pool, outdoor patio, fitness room, two lobby workstations, a market pantry, guest laundry room, a vending area, breakfast dining area, and banquet space with the capacity to host weddings. Lakeway, near Austin, is located approximately 19 miles northwest of Downtown Austin and seamlessly combines urban conveniences and small-town charm, boasting a thriving economy driven by healthcare, technology, tourism, and education. The city's picturesque surroundings, including Lake Travis and the Texas Hill Country, attract outdoor enthusiasts, while its commitment to community engagement and economic growth makes Lakeway a vibrant and desirable place to live and work in Texas. The property is strategically positioned, approximately 25 miles northwest of Austin-Bergstrom International Airport, providing convenient access for travelers. Nearby attractions include the Baylor Scott & White Medical Center Lakeway (1.8 miles), the scenic Lake Travis (6.0 miles), and the Hill Country Galleria (4.0 miles). Additionally, the site offers proximity to notable landmarks like the Oasis on Lake Travis (9.3 miles), UT Golf Club-ACC Austin Country Club (10.4 miles), and the Texas Capitol (20.7 miles), a historic architectural gem. The area is further enriched by the presence of major technology companies, including Dell Technologies (27.7 miles), NXP Semiconductors (28.9 miles), IBM (22.4 miles), Applied Materials (30.5 miles), Google (22.3 miles), Facebook (23.8 miles), Amazon (21.7 miles), eBay (26.3 miles), and Cirrus Logic (23.3 miles). The University of Texas (23.4 miles), with its vast resources and top-ranked programs, contributes to a well-educated local labor pool, making the location highly attractive for residents and businesses alike.