• La Quinta Inns & Suites Austin Round Rock    

CBRE Hotels is soliciting offers to acquire the fee-simple interest in the La Quinta Inns & Suites in Austin Round Rock, Texas. The 87-room hotel is located off Interstate 35, near Dell’s corporate headquarters and St. David’s Medical, in Round Rock, one of the fastest growing cities in the nation, and one of the best-managed cities in Texas.

Investment Highlights

  • La Quinta Inns & Suites Featuring Minimal PIP – Opportunity to acquire a 87-room, four-story, interior corridor, La Quinta Inns & Suites that has recently gone through the LQUp renovation.
  • Underperforming the Comp Set – The La Quinta Inns & Suites is currently underperforming its competitive set, with a RevPar index of 90% as of October 2023 TTM. This project offers significant potential for a new owner to maximize hotel’s penetration through operational re-programming and positioning.
  • Diverse Demand Drivers – The hotel is situated close to Dell Technologies’ Corporate Headquarters, the sixth-largest company in Texas by total revenue and one of the region’s biggest employers. In addition, the property is within minutes from the 175-bed St. David’s Round Rock Medical Center – the first specialized cardiac facility in Williamson County. Thanks to its ideal location, the hotel receives business from a diverse population of both corporate and leisure segments.
  • Fast-Growing Submarket – Round Rock is one of the fastest growing cities for decades in the U.S., thanks to a flood of billion-dollar investments - some tied to the most influential economic and cultural forces in the world. The La Quinta Inns & Suites is strategically located in proximity to multiple massive upcoming projects, including Samsung’s $17 billion chip plant near Taylor, $1 billion Apple campus at West Parmer Lane and Dallas Drive, and IBM’s planned 500,000-square-foot office space near The Domain.
  • Austin’s Rapid Growth Driving Ever Increasing Hotel Revenues – Over 32.6 million visitors flocked to Austin in 2022, contributing to $5.9 billion in annual economic impact from visitor spending. With Austin’s globally recognized music, art and film festivals, including SXSW and Austin City Limits Music Festival, expansive parks, culinary scene, renowned universities, and a diverse culture, Austin has made a name for itself for tourism and hospitality.

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