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Transactions - AUGUST 12, 2021

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SRH Hospitality Holdings JV develops sixth project in Texas

by Released

SRH Hospitality Holdings and SkyWalker Property Partners have plans to develop an AC Hotel by Marriott, the first full-service hotel to be developed in downtown Waco.

The 182-key AC Hotel Waco is slated to deliver in spring 2023 in the prestigious Magnolia Silos District, which is a designated qualified opportunity zone for investment purposes.

The SRH project will be located directly across the street from Chip and Joanna Gaines’ Magnolia Market at the Silos, less than seven-tenths of a mile from Baylor University and close to several major mixed-use developments that are now under way or in planning stages.

“Waco has evolved into a destination with broad demand generators from education, business and lifestyle. We see a strong need for an upscale hotel in Waco,” said Paul Barham, CEO of Harrell Hospitality Group, SRH Hospitality’s operating partner and property management firm.

The five-story AC Hotel, totaling 107,700 square feet, will feature

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