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Hotel-Motel

Quality Inn Cedar Park - Austin

300 East Whitestone Boulevard, Cedar Park, TX 78613

Listing Price: Request For Offer

Number of Rooms
56
Year Built
1998

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Group is pleased to present for sale to qualified investors the Quality Inn Cedar Park. The Choice Hotels International-branded Hotel is offered on a call for offers basis. This two-story, 56-room hotel sits on 1.53 acres within the Austin – Round Rock – San Marcos metropolitan statistical area, Texas’ fourth largest MSA. The property is located, with great visibility, off Whitestone Boulevard, which records over 43,800 daily travelers. The prime location offers access to many key demand drivers in the area such as multiple Austin Community College Campuses with the closest being 4.2 miles – total enrollment for all campuses over 60,100 students, H-E-B Cedar Park Center (1.6 Miles) – home of the Texas Stars and the Austin Spurs, Cedar Park Regional Medical Center (1.4 miles), the new Q2 Stadium (13.5 Miles) – Austin Football Club’s stadium, and Lake Travis (15.6 miles). In 2018 and 2019, the property achieved an average RevPAR of over $53.5 and revenues above one million dollars, coupled with a strong average net operating income of $295 thousand. Currently, room revenues have increased approximately 20 percent compared to year-end 2020, which translates to about $815,800. Current expenses include provisions for a 4 percent capital replacement reserve. The hotel is offered fee simple, unencumbered by a management contract or debt.

Investment Highlights

  • 56-Room, Midscale Hotel, Located in Highly Desirable Northwest Austin MSA
  • Room Revenues up by 20 Percent for the Trailing 12 Months Ending May 2021 Compared to Year-End 2020
  • Cedar Park is 7th Fastest-Growing Large City in U.S.
  • Construction for the 360,000 Square Foot Texas Children's Hospital (5.7 Miles) and Dell's Children Medical Center North Campus (3.7 Miles) is set for Spring 2021

Exclusively Listed By

Listing Price: Request For Offer

Number of Rooms
56
Year Built
1998

Investment Highlights

  • 56-Room, Midscale Hotel, Located in Highly Desirable Northwest Austin MSA
  • Room Revenues up by 20 Percent for the Trailing 12 Months Ending May 2021 Compared to Year-End 2020
  • Cedar Park is 7th Fastest-Growing Large City in U.S.
  • Construction for the 360,000 Square Foot Texas Children's Hospital (5.7 Miles) and Dell's Children Medical Center North Campus (3.7 Miles) is set for Spring 2021

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Group is pleased to present for sale to qualified investors the Quality Inn Cedar Park. The Choice Hotels International-branded Hotel is offered on a call for offers basis. This two-story, 56-room hotel sits on 1.53 acres within the Austin – Round Rock – San Marcos metropolitan statistical area, Texas’ fourth largest MSA. The property is located, with great visibility, off Whitestone Boulevard, which records over 43,800 daily travelers. The prime location offers access to many key demand drivers in the area such as multiple Austin Community College Campuses with the closest being 4.2 miles – total enrollment for all campuses over 60,100 students, H-E-B Cedar Park Center (1.6 Miles) – home of the Texas Stars and the Austin Spurs, Cedar Park Regional Medical Center (1.4 miles), the new Q2 Stadium (13.5 Miles) – Austin Football Club’s stadium, and Lake Travis (15.6 miles). In 2018 and 2019, the property achieved an average RevPAR of over $53.5 and revenues above one million dollars, coupled with a strong average net operating income of $295 thousand. Currently, room revenues have increased approximately 20 percent compared to year-end 2020, which translates to about $815,800. Current expenses include provisions for a 4 percent capital replacement reserve. The hotel is offered fee simple, unencumbered by a management contract or debt.

Exclusively Listed By

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