- Strategic Medical District Location: Within minutes of Baylor Scott & White Hospital, McLane Children’s Hospital, and the VA Medical Center.
- Recent Comprehensive Renovation: 2025 voluntary FFE upgrade including new case goods, lighting, vanity mirrors, artwork, countertops, and new tile flooring throughout public spaces.
- Diverse and Reliable Demand Base: Supported by major employers including McLane Company, Wilsonart, H-E-B Distribution, Walmart Distribution Center, and Fort Cavazos.
- Modern Amenities and Business Appeal: Features indoor pool and hot tub, fitness center, business center, meeting space, and suite shop catering to extended-stay and corporate guests.
- Strong IHG Brand Affiliation: Holiday Inn Express & Suites, a flagship brand of IHG, continues to deliver consistent revenue performance, high brand loyalty, and broad customer recognition.
- Elevated RevPAR Penetration: The hotel boasts a strong RevPAR penetration index of 113 percent for the twelve months ending December 31, 2025, signaling robust competitive performance and attractive long-term value for potential buyers.
INVESTMENT OVERVIEW
As the exclusive representative of the seller, Marcus & Millichap is pleased to present for sale to qualified investors the Holiday Inn Express & Suites Temple - Medical Center Area (‘Hotel’ or ‘Property’) located at 2609 South 39th Street in Temple, Texas. This upper midscale, IHG-branded hotel was constructed in 2014 and features 71 guest rooms across four stories on a 1.72-acre parcel with 79 parking spaces. Positioned less than two miles from Interstate 35 and adjacent to major healthcare and corporate institutions, the property captures an ideal mix of business, medical, and leisure demand that drive consistent year-round occupancy. The IHG Hotels & Resorts-branded hotel is being offered at $7,900,000 or $111,268 per key.
The Hotel offers a full suite of modern amenities, including an indoor pool and hot tub, fitness center, business center, suite shop, and 650 square feet of meeting space. Guest accommodations are designed for comfort and convenience, featuring flat-screen TVs, microwaves, mini-refrigerators, coffee makers, and ergonomic workstations. In 2025, the property underwent a major voluntary furniture, fixtures, and equipment (FFE) renovation, including new guest room case goods, lighting, vanity mirrors, artwork, countertops, and sinks in bathrooms, closets, and wet bars, as well as new porcelain tile in public spaces.
The hotel boasts a strong RevPAR penetration index of 113 percent for the twelve months ending December 31, 2025, signaling robust competitive performance and attractive long-term value for potential buyers.
Strategically situated in Temple’s Baylor Scott & White Hospital District, the property is just two blocks from Baylor Scott & White Hospital and McLane Children’s Hospital. Likewise, the property is just over two miles from the Central Texas Veterans Healthcare Systems. The nearby McLane Company headquarters, a national food service and grocery distribution leader, generates recurring corporate and training-related travel. Similarly, Wilsonart, H-E-B Distribution, Walmart Distribution Center, and BNSF Railway contribute to sustained lodging demand from manufacturing, logistics, and industrial operations. The hotel also draws consistent traffic from Temple College, Texas Bioscience Institute, and University of Mary Hardin–Baylor.
Temple, Texas, serves as both the demographic and transportation center of the state, with 84 percent of Texans living within a three-hour drive. As a result, residents in this region enjoy convenient access to major metros like Dallas, Houston, and San Antonio. The city’s economy is anchored by leading employers such as Baylor Scott & White Health, Central Texas Veterans Healthcare Systems, and McLane Company.
Additionally, significant defense-related and contractor activity is linked to Fort Cavazos (formerly Fort Hood), the largest active-duty armored post in the country. Local attractions that support weekend and leisure demand include Temple Mall and Premier Cinema 12 IMAX, while outdoor attractions like nearby Belton Lake, Stillhouse Hollow Lake, and the Belton Lake Outdoor Recreation Area (BLORA) feature hiking, biking, camping, and water activities. With its strong economy, affordable cost of living, central location, and exceptional quality of life, Temple stands as one of Central Texas’s most desirable and connected communities.
