With Waco’s explosive tourism growth for the past several years, and high hotel occupancy rate, developers have stepped forward to build an abundance of new hotels.  The destination as a whole generated 2.6 million visitors in 2019, as measured through attendance figures at major attractions.

Waco’s hotel occupancy is in the top 5 of all cities in Texas.

Here is a recap of area hotels in the works:

Hotels opened in late 2018

Totaling 212 rooms, these hotels opened in late 2018.

  • Hilton Garden Inn  – 111 rooms
  • La Quinta Del Sol – 101 rooms

Hotels opened in late 2019

  • Hyatt Place – 125 rooms – Opened December, 2019. Located on Bagby Ave. near Cottonwood Creek Golf Course.
  • Towneplace Suites Lacy Lakeview – 85 rooms – Opened December, 2019. Located at I-35 and Loop 340 North, next to Atwood’s.

Hotels Under Construction

Here are hotels in the market that are actively under construction.

  • Aloft – 117 rooms – nearing completion. At 900 S. 11th St.
  • Springhill Suites – 125 rooms – under construction at I-35 and University Parks Drive
  • Residence Inn – 104 rooms, nearing completion. Located at Central Texas Marketplace.
  • TRU by Hilton – 98 rooms – nearing completion. Located at Central Texas Marketplace.
  • Cambria Suites – 132 rooms (Near Bridge St. & Martin Luther King, Jr. Blvd.)
  • EVEN hotel – 128 rooms (Near Bridge St. & Martin Luther King, Jr. Blvd.)
  • Element Hotel by Westin – 105 rooms (on the Circle)

Announced Projects

These projects have been announced and covered in the Waco media.

  • Holiday Inn Express – 101 rooms (Near Bridge St. & Martin Luther King, Jr. Blvd.)
  • Embassy Suites – 168 rooms (former Downtown 301 space)
  • Grant Hotel – 354 rooms (near Martin Luther King Jr Blvd and Highway 77)
  • Hyatt Place Downtown Waco – 110 rooms (near Embassy Suites)

Summary of Waco’s Hotel Market

Starting Hotel Supply: 3,711 rooms

2018 Openings: Hilton Garden Inn & La Quinta: 212 rooms

2019 Openings: Hyatt Place Bagby and TownePlace Suites: 210 rooms

Seven hotels under construction:  809 rooms

Four announced projects: 830 rooms

Expected ending total room supply in the market: 5,772

 

 

 

 

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