Hampton Inn and Suites Austin Lakeway - Exterior
  Hampton Inn and Suites Austin Lakeway, TX For Sale

CBRE Hotels;

CBRE Hotels is soliciting offers to acquire the fee-simple interest in the Hampton Inn & Suites in Austin-Lakeway, Texas. The 70-room property is located in the Texas Hill Country with Dripping Springs, Lake Travis and the Hampton Greenbelts all conveniently accessible.

Investment Highlights

  • High Barrier to Entry Market – Due to the lack of sewage capacity and strong environmental regulations in the hill country part of Austin, Lakeway is an extremely high barrier to entry market. There are no hotels coming to Lakeway for the foreseeable future.
  • Proximity to Wedding Venues – Dripping Springs and the Hill Country area, is known as the wedding capital of the State of Texas. There are over 300 wedding venues in the area which hosts thousands of weddings every year. Due to the very limited hotel room supply in that area, the wedding business provides solid weekend and holiday room demand to complement strong corporate demand during the week for this hotel.
  • Potential to Add More Rooms - Ask Broker for details.
  • Upside for Owner Operator – The Hotel will be delivered unencumbered of management. This hotel presents significant potential for a more hands-on operator to drive RevPAR increases through more focused revenue management as well as improving the NOI through improvements in housekeeping labor utilization.
  • Prime Location – The hotel is within 3 miles of the Hampton Greenbelts and 5 miles of Lake Travis. These areas are fabulous places for family outdoor activities such as walks jogs, bike rides, ziplining, boating and kayaking. The hotel is also 19 miles from downtown Austin and the Texas State Capitol.
  • Austin’s Rapid Growth Driving Ever Increasing Hotel Revenues – Ranked as the #1 Real Estate Investment Market in the nation, Austin continues to benefit from several years of strong population and job growth, thanks to corporate relocation and expansion by some of the nation’s largest companies. In 2021 alone, 196 companies, including 38 headquarters locations relocated or significantly expanded in Austin headlined by Tesla, Amazon, Apple, Google, Facebook, Oracle, Dell, Samsung, and IBM.

For inquiries visit here.