Receiver Sale | Fairfield Inn & Suites Waco North Texas

 Receiver sale opportunity to acquire the fee simple interest in the 109-key Fairfield Inn & Suites by Marriott Waco North, located along the I-35 corridor in Waco, Texas

• Available unencumbered by debt and management, and at a significant discount to replacement cost
• Opportunity to improve operations and revenue through the transition from court-appointed receivership to private ownership, driven by stronger corporate penetration, peak demand optimization, and expanded group mix
• Trailing the competitive set with a RevPAR index of ~55% and an occupancy index of 60%, highlighting a significant opportunity to improve market penetration under new ownership
• Ability to retain the Fairfield Inn & Suites brand through a long-term relicense agreement with Marriott
• Positioned to capture small-block group demand, including sports teams, youth travel, and corporate bookings through Marriott’s reservation platform

Location Highlights

• Located along the primary I-35 corridor in North Waco with strong visibility and convenient access, benefiting from approximately 100,000 vehicles passing daily
• Proximate to a concentration of major industrial and institutional employers in North Waco and Bellmead, including TSTC, L3Harris, Cargill, Sanderson Farms, and Pilgrim’s
• Within a short drive of Baylor University (19,800+ students), McLane Stadium (45,000-seat capacity with 6+ home games annually), and Foster Pavilion, driving significant visitation from Big 12 athletics, commencements, admissions, and year-round events
• Accessible to Waco’s primary leisure demand drivers, including Magnolia Market at the Silos (2.5M+ annual visitors), Cameron Park Zoo (300,000+ annual visitors), the Dr. Pepper Museum (100,000+ annual visitors), and the Waco Mammoth National Monument (100,000+ annual visitors)
• Approximately 8 miles from Waco Regional Airport, supporting business and leisure travel
• Positioned to capture overflow demand from the Waco Convention Center (144,000+ square feet of event space), Extraco Events Center (300+ annual events; 420,000+ attendees), and Baylor-related events
• Supported by nearby healthcare and civic institutions, including Ascension Providence, Baylor Scott & White Hillcrest, and the Doris Miller VA Medical Center

Lamar P. Fisher Fisher Auction Company Inc. License: 10344. Starting Bid:$1,000,000