Marriott brand TX

Strong Demand Drivers

1- State-of-the-art Foster Pavilion basketball stadium opened in 2024: The arena features a 7,500 seat Foster Pavilion in standing-room-only areas to host fans for Baylor Basketball.
Foster Pavilion is on the edge of campus across Interstate 35 from McLane Stadium, the football stadium that opened in 2014. The basketball arena is part of a $700 million riverfront development in partnership between the school and city of Waco.

Value added opportunity – Given changing management companies, this asset has not been performing optimally, there is about 10-20% upside potential for new buyers to optimize the operation.

Newly Constructed, Marriott Branded Property – is powered by one of the most sought-after Marriott brands in its system.

Ramping Operating Performance – Room revenue performance of the Baylor continues to improve.

Clean Offering – Non-union operations, fee simple interest, and offered unencumbered by management.