Red Roof Inn Temple
400 Sw H K Dodgen Loop
Temple, TX 76504
Highlights
- Offered at 10% current cap rate
- 100 rooms offered at $45K per room
- Excellent location near Temple Collge, Baylor Scott & White Medical Center, and the Temple V.A. Hospital
- Surrounded by a variety of restaurants and local attractions
- Located off of US 190 with easy access to Interstate 35 (I-35)
- Great guest reviews
Description
We are pleased to present the Red Roof Inn located in Temple, TX, listed exclusively with Tabani Realty. The 41,264 SF hotel has 100 rooms and is offered at $45K per key and a 10% current cap rate. The Red Roof Inn sits on 3.38 acres which is also included in the sale.
The Red Roof Inn is located on the south side of Temple, Texas, and is approximately one hour and 20 minutes north of Austin, Texas, and 2 hours south of Dallas, Texas. The hotel is near many restaurants, retail shops, and medical centers. The Red Roof Inn is also right next to Temple College. The property is also a 10-minute drive from Draughon-Miller Central Texas Regional Airport (TPL).
Temple is located in the heart of Texas, approximately 65 miles north of Austin and 34 miles south of Waco. It covers an area of about 74 square miles and is surrounded by rolling hills and beautiful landscapes. Temple has a diverse economy with several major employers in various sectors. The healthcare industry plays a significant role, with Scott & White Healthcare (now Baylor Scott & White Health) being one of the largest employers in the region. Other prominent industries include manufacturing, education, retail, and technology.
Temple hosts several annual events and festivals, including the Bloomin' Temple Festival, which celebrates the arrival of spring with live music, food vendors, and activities for all ages. The Cultural Activities Center organizes various cultural events, concerts, and art exhibits throughout the year. Temple is well-connected by transportation networks. It has its own regional airport, Draughon-Miller Central Texas Regional Airport, which offers commercial flights. The city is also served by major highways, including Interstate 35 and State Highway 190, making it easily accessible by road. As a city located in Central Texas, Temple attracts a steady flow of visitors due to its strategic location, various attractions, and thriving industries.
