Travelodge Killeen

$1,700,000

810 East Central Texas Expressway, Killeen, Texas 76541

Details

  • $1,700,000
  • Limited Service

Investment Overview:

Marcus & Millichap’s National Hospitality Group, as an exclusive broker, is pleased to offer for sale the Travelodge in Killeen, Texas. The offering is a limited-service, 40 Room, two-Story, exterior corridor hotel, updated from 2014 to 2017 and consisting of 40 rooms. The hotel is located within 5 miles of Fort Hood — the most populous U.S. military installation in the world and a big demand generator for the area. The hotel is priced well below replacement cost at $42,500 per room. This offering presents a great opportunity for an aggressive owner-operator.

Property Overview:

The Travelodge Killeen is a 40-room, two-story, exterior corridor hotel with a great deal of common area and guest room amenities to take advantage of. Some common area amenities include an outdoor pool and spa, free continental breakfast, a business center, and community-wide Wi-Fi free of charge. The guest room amenities on the property consist of a TV with premium cable channels, a work desk, microwave, and refrigerator

Location Overview:

Killeen, Texas is a city located in Bell County North of Austin, Texas. The property is located just off I-14 near Hwy 195, less than two miles from Downtown Killeen. The hotel is near a multitude of the city’s top employers including Metroplex Adventist Hospital (5.1 miles), Fort Hood (4.6 miles), and Central Texas College (5.9 miles). It is also strategically placed around many demand generators in the city like Vive Les Arts Theatre (1.5 miles), Killeen Mall (1.1 miles), Lion Club Park (2.1 miles), Killeen-Fort Hood Regional Airport (8.1 miles), and the Killeen Civic and Conference Center (2 miles).

Agent for this listing

Andrew Frosch

Senior Associate, National Hospitality Group
Office: (713) 452-4270
Mobile: (281) 684-5653
Fax: (713) 452-4210
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Steve Swenholt

Senior Associate, National Hospitality Group
Office: (512) 338-7826
Mobile: (972) 824-5483
Fax: (512) 338-7810
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