Killeen, Texas, is an attractive destination for investors seeking to capitalize on the city's growing economy, largely driven by the presence of Fort Hood, a major military installation. Hotels in Killeen for sale offer a unique opportunity to tap into the city's steady stream of visitors, including military personnel, families, and contractors. As a significant employer in the area, Fort Hood generates a substantial demand for accommodation, making hotels a lucrative investment option. Killeen's strategic location, amenities, and infrastructure, including Skylark Field and Killeen–Fort Hood Regional Airport, Hill Country Transit District (The HOP), and major highways, make it an ideal place to invest in a hotel. The city's education sector, featuring institutions like Central Texas College and Texas A&M University-Central Texas, also contributes to the demand for accommodation. With attractions like Vive Les Arts Theatre and the Andy K. Wells Hike and Bike Trail, Killeen is a great place for business and travel.
With 2 hotels for sale in Killeen, investors have a range of options to choose from. Killeen's hotel market is characterized by an average price per square foot of , with an average size of 89,527 square feet and a largest size of 165,648 square feet. The average cap rate for hotels in Killeen is. In addition to hotels, Killeen offers a range of other investment opportunities, including restaurants, apartment buildings, and shopping centers. The city's restaurant scene is diverse, with options ranging from casual eateries to fine dining establishments. Apartment buildings in Killeen offer a steady stream of rental income, while shopping centers provide a unique opportunity to capitalize on the city's growing retail sector. With its strong economy, amenities, and infrastructure, Killeen is an attractive destination for investors seeking to diversify their portfolios.
How is the value of a hotel for sale typically calculated?
In Killeen, Texas, where there are currently 2 hotels for sale, the value of a hotel is typically calculated through a comprehensive CRE appraisal, which takes into account factors such as the property's income-generating potential, local market conditions, and the overall condition of the property. To learn more about the CRE appraisal process and how it affects the value of a hotel for sale, check out our article at CRE appraisals, which provides an in-depth look at this crucial step in the hotel valuation process.
What factors should I consider when buying a hotel in Killeen?
When considering buying a hotel in Killeen, there are several key factors to take into account, including:
- The city's strong military presence, with Fort Hood being a major driver of the local economy, and the potential for a steady stream of guests from military personnel and their families.
- The availability of hotels for sale in Killeen, with 2 listings currently on the market, offering a range of options to suit different budgets and investment goals.
- The local infrastructure and amenities, such as the Killeen–Fort Hood Regional Airport, Skylark Field, and the Hill Country Transit District, which can impact the hotel's accessibility and appeal to guests, as well as the average price per square foot of , average size of 89,527 square feet, and largest size of 165,648 square feet, which can affect the hotel's revenue potential.
It's also essential to research the local market trends, including the average cap rate of , to ensure that your investment will generate a strong return. Additionally, understanding the city's economy, which is heavily influenced by the military presence, and the major industries that drive it, such as defense contractors and businesses that cater to the military community, can help you make an informed decision. For more information on financing your hotel purchase, consider exploring CRE loans, or commercial real estate loans, as outlined in our article at CRE loans.
