Investment Overview

The Best Western Plus Executive Residency Austin-Round Rock is an upper-midscale hotel featuring 86 spacious guest rooms and several amenities. Constructed in 2019, this Hotel is the newest product in the Best Western brand and offers studio rooms, regular rooms with kitchenettes, and suites with full kitchens for those seeking an extended-stay option. Additionally, all rooms come equipped with 43-inch televisions, free Wi-Fi, and DirecTV® for a comfortable & relaxing stay. Common area amenities include a fitness center, business center, pool, outdoor grill area, and 540 square feet of meeting space that is suited for hosting small events and business meetings. Located near the heart of Austin, Texas off Interstate 35, the Best Western Plus Executive Residency Austin-Round Rock is just 15.3 miles from downtown Austin, Texas. The property is just minutes away from Round Rock to the North, and Pflugerville to the East, allowing guests access to all that the states' capital has to offer. Near the property guests will find attractions such as the Dell Diamond, The Domain, Typhoon Texas Water Park, and several award-winning restaurants. Additionally, the hotel is just minutes away from annual events like SXSW & ACL Music Festivals, F1 at the Circuits of the Americas Racetrack, and The University of Texas at Austin. In addition to the proximity to Austin's greatest events, the hotel is situated near some of the largest employers in the world such as Dell Computers, Apple, Home Depot, Emerson, Sears, and the new Parmer Innovation Center. Nearby the Hotel off Interstate 35 and State Highway 45, a 66-acre mixed-use development estimated to be a $500 million investment that is expected to span over 3 million square feet has secured approval from Round Rock City Council for an amended development agreement. This would enable construction to start by the beginning of 2025 and, when completed, create a minimum of 5,000 jobs at full buildout in 2039. Located just 20.5 miles from the Property, Austin-Bergstrom International Airport reported a record year in 2023 with over 20 million passengers departing from the airport, nearly a 5 percent increase over 2022. The Property's access to Best Western's loyalty program and strong distribution system gives it a major competitive edge. The brand has more than 4,700 independently owned and operated hotels throughout the globe. The commercial real estate database Costar projects a 7.3 percent 12-month RevPAR increase for the property's Round Rock/Georgetown Hotel Submarket. An investor stands to benefit from increasing cash flow due to the anticipated significant growth potential this submarket is projected to experience. This offering provides an investor the ability to acquire the Property unencumbered by management or existing debt, presenting an exceptional operational opportunity for robust revenue growth through strategic implementation of aggressive yield management strategies.