Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's Hospitality Division is pleased to present for sale to qualified investors the WoodSpring Suites Bastrop | Extended-Stay Development Offering (‘Site’ or ‘Property’) located in Bastrop, Texas. The site is being offered at $2,000,000 and represents a compelling development opportunity for a 98-key hotel. The proposed 98-room development envisions a four-story hotel with a total gross building area of 44,605 square feet on approximately 4.2 acres of land. The project requires 107 parking spaces and is planned with a wood-frame structural system. The site benefits from excellent visibility and accessibility along U.S. Highway 21 and U.S. Highway 304, two key thoroughfares connecting Bastrop to the surrounding region and driving consistent traffic exposure for future hotel guests. The Bastrop, Texas market is part of the rapidly growing Austin–Round Rock–San Marcos MSA, which now has an estimated 2.55 million residents. Bastrop’s own population has risen sharply - from about 9,700 in 2020 to nearly 12,900 in 2025, and local estimates suggest it may reach 14,000–20,000 within the next few years, indicating sustained growth. The city is increasingly an economic and tourism hub in Central Texas, with major developments like the $300 million Sendero project and a significant SpaceX semiconductor expansion underway. Its strategic position along SH-71 offers convenient access to Austin-Bergstrom International Airport — roughly 28 miles away, or about a 25–30 minute drive. Bastrop’s economy is supported by a diverse and expanding employment base. Major employers include The Boring Company (7.7 miles) and MD Anderson’s Keeling Center for Comparative Medicine and Research (11.3 miles), while Tesla’s Gigafactory Texas (22.3 miles)—located within a short drive toward Austin—serves as a significant source of corporate and project-related travel. Future demand is bolstered by major developments such as the planned 546-acre 204Texas film studio complex (approximately 4.3 miles) and the $440 million EdgeConneX data center campus, which will bring substantial capital investment and job creation to the immediate area. Additionally, SpaceX’s Starlink (6.3 miles) facility in Bastrop, a 700,000-square-foot plant opened in 2023, is undergoing a $280 million expansion to become North America’s largest printed circuit board and panel-level packaging site, creating 400+ jobs and boosting Starlink manufacturing. Healthcare services also contribute to lodging demand, led by St. David’s Emergency Center – Bastrop (5.1 miles), Bastrop Medical Center (7.0 miles) and Ascension Seton Smithville (16.1 miles), with advanced specialty care easily accessible in Austin through Dell Seton Medical Center. These facilities attract both patients and traveling medical professionals to the region. Higher education provides an additional layer of transient activity. While The University of Texas at Austin—one of the largest universities in the nation—is approximately 30 miles away, the Austin Community College Elgin (22.8 miles) campus offers local educational resources that generate workforce training and student-related travel. Bastrop is also a strong leisure and group destination. Visitors are drawn to the scenic Lost Pines region, Bastrop State Park (5.8 miles), Lake Bastrop (9.9 miles), Dinosaur Park (9.0 miles), Fisherman’s Park (2.4 miles), and McKinney Falls State Park (27.5 miles), as well as a vibrant arts and cultural scene. Group and event demand is anchored by the Bastrop Convention & Exhibit Center (3.0 miles), which offers 26,000 square feet of meeting space. This venue positions Bastrop as a preferred location for weddings, corporate retreats, and association events.