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99-Key Holiday Inn | No Outstanding PIP 300 E Central Texas Expy 99 Hotel Rooms Online Auction Sale Killeen, TX 76541
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Investment Highlights
- Holiday Inn Killeen – Fort Hood, at 300 E Central Texas Expressway, presents a 99-key, interior-corridor hotel with a pool and restaurant on-site.
- Passive investment opportunity to join the IHG franchise with a stabilized 99-key hotel with no outstanding PIP and an established presence.
- Killeen, a Central Texas city, has a strong military presence and lively local community via events at the Killeen Convention Center (3.5 miles).
- Just 15 minutes from Killeen Regional Airport (GRK) and 4 miles from Fort Cavazos, the perfect basecamp for military families and visitors
- Patrons enjoy the scenic outdoor pool, 24-hour fitness center, Harv’s Sports Bar & Grill, as well as the on-site event venue and business center.
- Surrounding demand generators include Lions Club Park, a sports and water complex, Stonetree Golf Club, and Stillhouse Hollow Lake.
Executive Summary
Avison Young, as the sole and exclusive agent, is pleased to offer the fee simple interest in the Holiday Inn Killeen Fort Cavazos Area, a full-service hotel located at 300 East Central Texas Expressway in Killeen, Texas.
The hotel spans four stories and has an interior-corridor layout. The Holiday Inn opened in July 2007 and completed a full renovation in 2022. The Hotel has a market pantry, a restaurant, Harv’s Sports Bar & Grill (where kids under 12 eat free), guest laundry facilities, a fitness center, an outdoor pool, a business center, an 80-seat conference room, and hotel-wide Wi-Fi. The Property offers 99 non-smoking guestrooms with both king and queen beds. Guestrooms include a flat-screen television, a work desk with an ergonomic chair, and a mini fridge. Suites include an additional living area with seating.
The hotel is easily accessible, with excellent visibility from Interstate 14/Central Texas Expressway, visible to more than 21,500 daily passing vehicles. It is situated just 1 mile from Fort Cavazos and 7 miles from Killeen-Fort Cavazos Regional Airport (GRK), a small commercial/military joint-use airport, served by American Airlines, with flights to the Dallas-Fort Worth International Airport, 168 miles away. The Holiday Inn is ideally located for both business and leisure travelers, near tourist attractions such as the 1st Cavalry Division Museum, the Third Cavalry Museum, the Great Escape of Central Texas, the Lions Club Aquatics Park, the Killeen Mall, and more.
Large area employers near the property include the III Armored Corps & Fort Cavazos, Killeen Independent School District, Central Texas College, AdventHealth Central Texas, City of Killeen, Teleperformance, Baylor Scott & White Clinic - Killeen, Seton Medical Center Harker Heights, Texas A&M University-Central Texas, and others.
Property tours are by appointment only. Please contact the listing broker to schedule.
The hotel spans four stories and has an interior-corridor layout. The Holiday Inn opened in July 2007 and completed a full renovation in 2022. The Hotel has a market pantry, a restaurant, Harv’s Sports Bar & Grill (where kids under 12 eat free), guest laundry facilities, a fitness center, an outdoor pool, a business center, an 80-seat conference room, and hotel-wide Wi-Fi. The Property offers 99 non-smoking guestrooms with both king and queen beds. Guestrooms include a flat-screen television, a work desk with an ergonomic chair, and a mini fridge. Suites include an additional living area with seating.
The hotel is easily accessible, with excellent visibility from Interstate 14/Central Texas Expressway, visible to more than 21,500 daily passing vehicles. It is situated just 1 mile from Fort Cavazos and 7 miles from Killeen-Fort Cavazos Regional Airport (GRK), a small commercial/military joint-use airport, served by American Airlines, with flights to the Dallas-Fort Worth International Airport, 168 miles away. The Holiday Inn is ideally located for both business and leisure travelers, near tourist attractions such as the 1st Cavalry Division Museum, the Third Cavalry Museum, the Great Escape of Central Texas, the Lions Club Aquatics Park, the Killeen Mall, and more.
Large area employers near the property include the III Armored Corps & Fort Cavazos, Killeen Independent School District, Central Texas College, AdventHealth Central Texas, City of Killeen, Teleperformance, Baylor Scott & White Clinic - Killeen, Seton Medical Center Harker Heights, Texas A&M University-Central Texas, and others.
Property tours are by appointment only. Please contact the listing broker to schedule.
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Property Facts
| Sale Type | Investment | No. Rooms | 99 |
| Sale Condition | Auction Sale | No. Stories | 4 |
| Type of Ownership | Fee Simple | Year Built/Renovated | 2006/2012 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 1.54/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.83 AC | Parcel Number | 367889 |
| Building Size | 64,783 SF | ||
| Zoning | NEC - Commercial | ||
| Sale Type | Investment |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.83 AC |
| Building Size | 64,783 SF |
| No. Rooms | 99 |
| No. Stories | 4 |
| Year Built/Renovated | 2006/2012 |
| Tenancy | Single |
| Parking Ratio | 1.54/1,000 SF |
| Corridor | Interior |
| Zoning | NEC - Commercial |
| Parcel Number | 367889 |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- Patio
- On-Site Bar
- Meeting Event Space
- Smoke-Free
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 7 | $121.00 | - |
| Guest Room | 92 | $106.00 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Sale Advisors
Sale Advisors
Chris Bryan, Hospitality Broker
Chris Bryan is a distinguished Hotel Broker with a rich and diverse background in the hospitality and real estate industry. His journey began with a solid educational foundation, having graduated from the University of North Texas (UNT) with a degree from the Business Department, focusing on Real Estate.
Early in his career, Chris joined Prism Hotels & Resorts, where he made significant contributions to the development and management of hotel properties. While at Prism, Chris worked as an integral part of the development team, specializing in site location and underwriting for select and limited-service hotel development deals. His ability to identify promising investment opportunities and conduct meticulous financial assessments earned him a reputation for precision and insight.
Chris's role extended beyond the initial stages of development. He also played a crucial role in managing FF&E (Furniture, Fixtures, and Equipment) installations, ensuring that hotels were impeccably prepared for their grand openings. His meticulous attention to detail and commitment to excellence set a high standard in the industry.
One of the defining chapters of Chris's career at Prism was his transition into receivership and foreclosure work. In this capacity, he demonstrated his versatility and resilience by handling over 60 receiverships in an impressive 22 states. His expertise in navigating the complex landscape of receivership and foreclosure processes, coupled with his unwavering dedication to safeguarding client interests, established him as a trusted authority in this specialized field.
Today, as a Hotel Broker, Chris Bryan brings a wealth of experience, market knowledge, and a proven track record to every transaction he undertakes. His unique blend of real estate acumen, hands-on hotel development experience, and proficiency in receivership and foreclosure work positions him as a true industry expert. Clients can rely on Chris to provide strategic guidance, unmatched negotiation skills, and personalized service that consistently exceeds expectations.
Contact Chris Bryan today to explore your hotel brokerage needs and experience firsthand the difference that a dedicated, knowledgeable, and results-driven professional can make in your real estate journey.
Early in his career, Chris joined Prism Hotels & Resorts, where he made significant contributions to the development and management of hotel properties. While at Prism, Chris worked as an integral part of the development team, specializing in site location and underwriting for select and limited-service hotel development deals. His ability to identify promising investment opportunities and conduct meticulous financial assessments earned him a reputation for precision and insight.
Chris's role extended beyond the initial stages of development. He also played a crucial role in managing FF&E (Furniture, Fixtures, and Equipment) installations, ensuring that hotels were impeccably prepared for their grand openings. His meticulous attention to detail and commitment to excellence set a high standard in the industry.
One of the defining chapters of Chris's career at Prism was his transition into receivership and foreclosure work. In this capacity, he demonstrated his versatility and resilience by handling over 60 receiverships in an impressive 22 states. His expertise in navigating the complex landscape of receivership and foreclosure processes, coupled with his unwavering dedication to safeguarding client interests, established him as a trusted authority in this specialized field.
Today, as a Hotel Broker, Chris Bryan brings a wealth of experience, market knowledge, and a proven track record to every transaction he undertakes. His unique blend of real estate acumen, hands-on hotel development experience, and proficiency in receivership and foreclosure work positions him as a true industry expert. Clients can rely on Chris to provide strategic guidance, unmatched negotiation skills, and personalized service that consistently exceeds expectations.
Contact Chris Bryan today to explore your hotel brokerage needs and experience firsthand the difference that a dedicated, knowledgeable, and results-driven professional can make in your real estate journey.
Joe Jones, Broker
Prior to joining Avison Young, Joe Jones was a Partner with Hotel Assets Group LLC team. Managing client relationships and delivering a thorough understanding of the sales process are two of Mr. Jones’ identifiable traits. As Client Services Coordinator, Joe Jones is currently working with a team of brokers on multiple multi-million dollar engagements. Joe Jones reinforces the undeniable balance of the Avison Young brokerage team. He has a Bachelor of Science degree in Management from Shorter College.
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Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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99-Key Holiday Inn | No Outstanding PIP | 300 E Central Texas Expy
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