For Sale
$8,500,000

1802 Overland TrlAbilene, TX 79601

66-Room Hotel, Prime Location, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 66-room Holiday Inn Express in Abilene, Texas, presents a compelling investment opportunity. Boasting 40,950 square feet across three stories, this fee-simple property sits on a 2.48-acre lot and was built in 2001, with renovations completed in 2019. The hotel is zoned for commercial use and benefits from a prime location near Interstate 20 and Abilene Regional Airport, ensuring convenient access for guests and employees. Abilene's robust economy, driven by government, education, healthcare, and manufacturing, provides a strong market for hospitality. The property's strong performance, reflected in its occupancy, ADR, and REVPAR, positions it favorably within the local competitive set. The asking price of $8,500,000 represents a compelling value, particularly given the minimal capital expenditure required. This represents a significant opportunity for a new owner to implement operational improvements and enhance revenue generation strategies. The property's location near major employers like Dyess Air Force Base, Hendrick Health System, and several universities further strengthens its appeal. The surrounding area is characterized by a strong community spirit, creating a favorable environment for business growth. This turnkey operation offers immediate income potential with significant upside for a savvy investor. The property is offered unencumbered by management agreements or debt, providing complete operational control to the new owner.

Highlights

  • Fee-simple 66-room Holiday Inn Express in Abilene, TX, built in 2001 with 2019 renovations.
  • 40,950 square feet on a 2.48-acre lot, zoned commercial.
  • Prime location near I-20 and Abilene Regional Airport.
  • Strong Abilene economy driven by government, education, healthcare, and manufacturing, with proximity to Dyess Air Force Base and Hendrick Health System.
  • $8,500,000 asking price with minimal capital expenditures needed.

Property Details for 1802 Overland Trl

Property type
Hospitality properties, Hotels
Square Feet
40,950 SF
Year Built/Renovated
2001/2019
Buildings
1
Stories
3
Lot Size (sq. ft)
108,029 SF

Location Insight

City
Abilene
County
Taylor
State
Texas
Latitude
32.476337
Longitude
-99.6949245
1802 Overland Trl, Abilene, Texas

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1802 Overland Trl
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