Branded Sleep Inn & Suites
For Sale
Contact for pricing
700 E Central Texas Expy, Killeen, TX 76541
Choice Hotels-branded 80-room hotel with guest rooms featuring in-room amenities and a full suite of common-area facilities.
Property SizeContact for details
Days on Market119
Property Features for 700 E Central Texas Expy
General Information
Standard status
Active
Property subtype
Hospitality
Site & Location
Traffic Count
65,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Furnished
Yes
Business Included
Yes
Amenities
breakfast area
lobby
exercise facility
business center
laundry facility
Building Details
Year Renovated
2019
Listing Agency:
HVS
(512) 338-7800
Listed By:
Matt Omansky · License #TX 667904
Source:
Crexi
Added: Apr 12
Changed: Aug 8
Last Checked: Jul 21 at 2:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HVS
Investment Insights
Based on property information with market context.
Sleep Inn & Suites is a Choice Hotels International-branded hotel with 80 rooms. A property improvement plan was completed in March 2019 under the “Design to Dream” program. Guest rooms include a flat-screen television, ergonomic chair with desk, sitting area, refrigerator, and microwave; select rooms also feature a two-person sofabed. Common-area amenities include a breakfast area, lobby, exercise facility, business center, and laundry facility.
The property is located at 700 E Central Texas Expy in Killeen, Texas and is described as being off Interstate 14. The remarks cite nearby demand generators including Fort Hood (3.7 miles), Central Texas College (5.4 miles), Texas A&M University–Central Texas (4.7 miles), and the Army Medical Center Darnall-Hood (5.7 miles). Additional mentioned area attractions and venues include Lions Club Water Park (2.2 miles), Phyllis Park (1.9 miles), and Conder Park (2.5 miles).
For investors, the seller’s overview states the hotel achieved room revenues above $1,685,600 for the twelve-month period ending June 2021, and the expenses include provisions for a 4 percent capital replacement reserve and a 3 percent management fee.
The property is located at 700 E Central Texas Expy in Killeen, Texas and is described as being off Interstate 14. The remarks cite nearby demand generators including Fort Hood (3.7 miles), Central Texas College (5.4 miles), Texas A&M University–Central Texas (4.7 miles), and the Army Medical Center Darnall-Hood (5.7 miles). Additional mentioned area attractions and venues include Lions Club Water Park (2.2 miles), Phyllis Park (1.9 miles), and Conder Park (2.5 miles).
For investors, the seller’s overview states the hotel achieved room revenues above $1,685,600 for the twelve-month period ending June 2021, and the expenses include provisions for a 4 percent capital replacement reserve and a 3 percent management fee.
Key Highlights
- Choice Hotels International, Inc.-branded Sleep Inn & Suites with 80 rooms offered at $5,400,000 ($67,500 per key).
- Full property improvement plan to the “Design to Dream” PIP completed in March 2019.
- For the 12‑month period ending June 2021, achieved room revenues above $1,685,600 (includes 4% capital replacement reserve and 3% management fee).
Property Analytics
Current Use
Lease Details
65,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
706
Businesses Nearby
Explore this area
Business Placement
Demographics for 76541, TX
19,641
Population
10,207
Households
1.9
Avg Household Size
32
Median Age
12%
College-Educated
83%
High-School Grad
4.9 sq mi
ZIP Area
4,008
Density / Sq Mi
$36,739
Median Household Income
$27,869
Median Earnings
$858
Median Rent
$97,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Choice Hotels-branded 80-room hotel with guest rooms featuring in-room amenities and a full suite of common-area facilities.
Where is this hotel located?
The property is located at 700 E Central Texas Expy Killeen, TX.
What are key features of this property?
This property features: Choice Hotels International, Inc.-branded Sleep Inn & Suites with 80 rooms offered at $5,400,000 ($67,500 per key).; Full property improvement plan to the “Design to Dream” PIP completed in March 2019.; For the 12‑month period ending June 2021, achieved room revenues above $1,685,600 (includes 4% capital replacement reserve and 3% management fee).
