The Waco, TX, market is one that has seen consistent, if moderate, growth across all key hotel and lodging metrics in the last twelve months; from occupancy to ADR via number of rooms available, all have seen growth.
As home to Baylor University and Hillcrest Heath Systems, the city attracts a diverse range of visitors, and acts as a main stopover for visitors from Austin and Dallas.
The property will be located in the mixed-use Legends Crossing development; a development which offers residents and visitors alike a broad range of attractions, including a 7 acre lake, walking trails, and shopping, wellness and leisure options. Boasting 119 rooms, the property will replace the existing Holiday Inn Express in Waco/Woodway, making it the only hotel in the area with the Holiday Inn Express flag. It will offer a range of services for guests, with an indoor pool, outdoor patio, and exceptional in-room amenities.
“The hotel will be a one-of-a-kind Holiday Inn Express, with a custom exterior façade, designed specifically for this market” said Yogi Patel, COO, Hotel Management. “We’re looking forward to developing this unique property.”
The property will compliment NewcrestImage’s three other hotels in Waco, and bolster their portfolio further in the region as a whole.
“We have been part of the Waco community for a while now, and we’re delighted to be able to continue to grow our relationship with the city, and offer its visitors another exceptional hotel to stay at,” said Justin Edwards.
Their existing presence in the market, combined with their extensive and exclusive portfolio, make NewcrestImage the perfect choice to build and manage this property. Ground was broken earlier this month, and the opening is slated for summer 2014.
For more information on this or other NewcrestImage developments, please see http://newcrestimage.com/contact.html
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