Delta Marriott Hotel — Sale in Austin, TX

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Austin, TX 78752

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Investment Figures

Cap rate
6.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Price Reduced from $75 Million to $48.8 Million for a Fast, All-Cash Closing. Highly motivated seller seeking an immediate sale. This exceptional opportunity includes the hotel plus approximately 1.2 million square feet of fully entitled development rights for student housing, affordable housing, or multifamily. The hotel and land have a combined “as-is” appraised value of approximately $90 million, creating a significant opportunity to acquire the asset well below appraised value. The existing hotel is currently undergoing an extensive renovation and repositioning into a lifestyle-driven Delta by Marriott hotel concept, including a unique daytime pool club experience inspired by Las Vegas-style hospitality activation concepts. In addition to the hotel repositioning, ownership successfully obtained CH-PDA zoning approvals allowing approximately 1.378 million square feet of zoning floor area with a 200-foot height allowance. After accounting for the hotel footprint, approximately 1.196 million square feet of remaining development capacity exists for multifamily, student housing, retail, entertainment, hospitality, and mixed-use uses. This opportunity offers investors and developers the ability to acquire: A newly renovated Marriott-branded hotel • Significant entitled multifamily development density • Prime Austin freeway frontage and visibility • Strong surrounding demand generators • Exceptional long-term appreciation potential • Multiple exit strategies and phased development opportunities Investment Highlights: • Rare Fully Entitled Development Opportunity • Institutional-Quality Marriott Repositioning • Significant Multifamily Density • Exceptional Austin Location • Silicon Hills Growth Corridor • Strong Demand Generators • Lifestyle Hospitality Component • Multiple Development Strategies

Market Context

This hospitality in Austin, TX is listed for sale. It is offered at an approximate 6.5% capitalization rate, a key benchmark for income-producing hospitality assets. Compare it against other hospitality listings for sale in Austin, TX — view the full market.

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