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700 E Central Texas Expy
Killeen, TX 76541
Sleep Inn & Suites Killeen · Hospitality Property For Sale · 36,191 SF

INVESTMENT HIGHLIGHTS

  • Three-Story, 80-Room, Midscale Hotel Built in 2006
  • Priced at a 3.20 Room Revenue Multiplier based on the Trailing Twelve Months Ending June 2021
  • Priced Below Replacement Cost at $67,500 Per Key
  • PIP completed March 2019
  • Located 60 Miles from Austin & Waco
  • Excellent Location Near Fort Hood Military Base, Metroplex Hospital, Central Texas College, and Texas A&M University – Central Texas

PROPERTY FACTS

Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.44 AC
Building Size 36,191 SF
No. Stories 3
Year Built/Renovated 2006/2019
Tenancy Single
Parking Ratio 1.85/1,000 SF
Corridor Interior
Zoning F1

AMENITIES

  • Business Center
  • Fitness Center
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free
  • Digital key

ABOUT 700 E CENTRAL TEXAS EXPY , KILLEEN, TX 76541

Property Overview: The Sleep Inn & Suites Killeen is an 80-room, Choice Hotels International, Inc-branded hotel and in March 2019 renovated to the Design to Dream property improvement plan (PIP). Each room features a ?at-screen television, ergonomic chair with desk, sitting area, refrigerator, microwave, and select rooms include a two-person sofabed. The common areas feature a breakfast area, lobby, exercise facility, business center, and laundry facility. Location Overview: Killeen, Texas is located in the central part of the state, approximately 66 miles from Austin and 150 miles from the Dallas-Fort Worth metroplex. The region is noted for health care, educational and military institutions which all generate room demand to the market. Fort Hood (3.7 miles) is a 214,968-acre installation to train and deploy heavy forces, and the only post in the nation capable of training and stationing two armored divisions. Educational institutions near the property include the Central Texas College (5.4 miles) and Texas A&M University-Central Texas (4.7 miles) with a combined enrollment of over 11,000 students and both campuses host multiple scholastic events year-round which generate room demand to the city. The Army Medical Center Darnall-Hood (5.7 miles) treats inpatient and outpatient care and has been recognized, in 2021, by the Military Health System Clinical Quality Leading Practice program for innovative practices. An additional venue noted in the region is the Stonetree Golf Club (5.4 miles) that is popular for banquets, corporate events, and gol?ng. Leisure traveler’s attractions include Conder Park (2.5 miles), Lions Club Park (3.4 miles), and Phyllis Park (1.9 miles). The Killeen-Fort Hood Regional Airport (7.6 miles) has recently seen a signi?cant uptick in traf?c noting, there has been a 340% increase from last year and a 10 percent increase from 2019 in their enplaned numbers.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
367810
Land Assessment
$568,386
Improvements Assessment
$2,131,614
Total Assessment
$2,700,000
  • Listing ID: 24175175

  • Date on Market: 9/27/2021

  • Last Updated:

  • Address: 700 E Central Texas Expy, Killeen, TX 76541

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