1721 E Central Texas Expy - Hospitality FOR SALE


Killeen, TX 76541- Killeen/Fort Cavazos
$20,530,388 USD
661-978-3109
1721 E Central Texas Expy, Killeen, TX for Sale
$20,530,388 USD
Hospitality - FOR SALE
1/28
null | 7.21% Cap Rate

1721 E Central Texas Expy
Killeen, TX 76541
Killeen/Fort Cavazos


HIGHLIGHTS

  • Home of Fort Hood (Cavazos)
  • Courtyard is Killeen’s Premier Hotel with Consistent $5M plus revenue
  • Select Service with the Largest conference space in Killeen (8,700 SF)
  • Market Leader with Tremendous Upside due to Mismanagement of Marketing Meeting Space
  • Minor PIP | New 10–15 yr franchise re-license

OVERVIEW

Premier Marriott Asset in Military Market: 134-room Courtyard branded by Marriott with strong year-round demand driven by Fort Cavazos—the largest active-duty military base in the U.S. Minimal PIP & Long Franchise Term: Minor PIP estimated at $10,000 per key qualifies the asset for a new 10–15 year Marriott license. Dominant Conference Hotel in Market: Over 8,700 SF of meeting space including a 6,000 SF ballroom—largest in the area, ideal for military, government, and corporate events. Top STR Performer: Leads comp set in occupancy (65.3%) and RevPAR ($68.87); strong 12-month occupancy trend of 71.9% with rate lift opportunity. Unmatched Competitive Position: Primary competitor (Hilton Garden Inn) permanently closed due to fire—leaving this asset as the market's flagship full-service hotel.

FOR SALE DETAILS

PRICE

$20,530,388 USD

PRICE/SF

$188 USD /SF

# OF ROOMS

148

PRICE/ROOM

$138,719 {currency}

CAP RATE

7.21%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard Killeen

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

6

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1985

PARKING SPACES

239

LAND DETAILS

LAND ACRES

4.49 AC

LAND SF

195,802 SF

ZONING

-

APN/PARCEL ID

453536

ASK ABOUT THIS PROPERTY

Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

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Subhash NaikHotel Brokers of AmericaMore Info
661-978-3109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.