Acquire a modern 115-key Aloft by Marriott hotel in the rapidly growing Waco hospitality market. Opened in 2020, this contemporary select-service hotel offers immediate cash flow with significant operational upside and is priced well below replacement cost, presenting an attractive value-add investment opportunity.
Operating under the globally recognised Marriott International brand, the hotel benefits from the Marriott Bonvoy loyalty programme, centralised reservations and strong corporate distribution channels. The property is currently operating at 65% occupancy with a clear opportunity to increase both occupancy and average daily rate through active revenue management, food and beverage optimisation and improved operational efficiencies.
The hotel is positioned to benefit from more than $5 billion of active public and private investment across McLennan County, including major manufacturing, infrastructure and downtown redevelopment projects that are driving increased corporate travel and hotel demand. Additional demand is generated by Baylor University, Magnolia Market at the Silos, the Waco Convention Center, SpaceX McGregor and the region's expanding healthcare sector.
With no deferred maintenance, conservative pricing at approximately $120,000 per key and a projected path to over $1 million in stabilised NOI, this investment offers buyers the opportunity to acquire a high-quality Marriott asset with substantial long-term growth potential. Further information is available following execution of a confidentiality agreement.
