Hotel-Motel
Shilo Inn Suites Hotel Killeen
3701 S W S Young Dr, Killeen, TX 76542
Listing Price: $13,000,000
Investment Overview
Shilo Inns-branded Hotel featuring 160 spacious guest rooms that has been noted as a premier hotel for both business and leisure travelers. Underscored by its quality construction, the Hotel is in excellent condition and well-equipped with several amenities including an indoor pool with a hot tub, a fitness center, a business center, guest laundry services, and an on-site restaurant with a bar and the only grandfathered cigar lounge in the city. Additionally, there is 7,000 square feet of meeting space spread across 11 meeting rooms. The vacant area adjacent to the Hotel is included in the total lot size and can be
used for the future expansion of 40 additional suites. Alternatively, the space can be used for conversion to apartments or condominiums.
Shilo Inn Suites Hotel Killeen
Investment Highlights
- The Shilo Inns Killeen is a two-building, upper-midscale Shilo Inns-branded Hotel featuring 160 spacious guest rooms.
- Killeen is home to the Fort Hood Army Base, which is one of the largest military installations in the world and brings in a significant number of visitors each year.
- Killeen-Fort Hood Regional Airport, the highest rated airport in Texas for on-time departure performance in 2021, is located less than eight miles from the Property.
- The Property boasts strong revenues above $2.5 million in 2022, while maintaining an NOI of over $674 thousand, or 27 percent of gross revenues after a four percent capital replacement reserve and three percent management fee. The Property is expected to continue to experience strong year-over-year hotel revenues.
- Fee-Simple Offering: The Property is offered fee simple and unencumbered by any management contracts or existing debt.
Listing Price: $13,000,000
Investment Highlights
- The Shilo Inns Killeen is a two-building, upper-midscale Shilo Inns-branded Hotel featuring 160 spacious guest rooms.
- Killeen is home to the Fort Hood Army Base, which is one of the largest military installations in the world and brings in a significant number of visitors each year.
- Killeen-Fort Hood Regional Airport, the highest rated airport in Texas for on-time departure performance in 2021, is located less than eight miles from the Property.
- The Property boasts strong revenues above $2.5 million in 2022, while maintaining an NOI of over $674 thousand, or 27 percent of gross revenues after a four percent capital replacement reserve and three percent management fee. The Property is expected to continue to experience strong year-over-year hotel revenues.
- Fee-Simple Offering: The Property is offered fee simple and unencumbered by any management contracts or existing debt.
Investment Overview
Shilo Inns-branded Hotel featuring 160 spacious guest rooms that has been noted as a premier hotel for both business and leisure travelers. Underscored by its quality construction, the Hotel is in excellent condition and well-equipped with several amenities including an indoor pool with a hot tub, a fitness center, a business center, guest laundry services, and an on-site restaurant with a bar and the only grandfathered cigar lounge in the city. Additionally, there is 7,000 square feet of meeting space spread across 11 meeting rooms. The vacant area adjacent to the Hotel is included in the total lot size and can be used for the future expansion of 40 additional suites. Alternatively, the space can be used for conversion to apartments or condominiums.
