Fairfield Inn & Suites Monahans | 1517 S Stuart Ave
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Fairfield Inn & Suites Monahans 1517 S Stuart Ave
95 Room Hotel Monahans, TX 79756 $10,500,000 ($110,526/Room)
Investment Highlights
- Offered at below replacement cost of $110,500 per key
- Running 12 months RevPAR penetration index is 123.8% and is up 23.6% from previous year
- West Texas energy market is showing strong upward trajectory
- Built and opened in 2021
- Located in the Permian Basin headquarters for oil production
Executive Summary
Property Description
NewGen Advisory and Bharat Vakil has been exclusively retained to offer this beautiful , performing exceedingly well and Brand New Fairfield Inn & Suites by Marriott to Qualified Hoteliers . Fairfield Inn & Suites is built in 2021 and opened it's door for business in July of 2021. Fairfield Inn & Suites consists of beautifully appointed 95 Guest Room & Suites and many modern amenities including indoor swimming pool. Since opened , Hotel is getting a excellent penetration index with its competitive set of Hotels and is fully stabilized in within just 30 months as of December 2023. Fairfield Inn & Suites is offered at significantly well below replacement cost at only $121 K per key to qualified Hoteliers & Investors. 2023 Room Revenue is $ 2.2 Million. and projected to go up in 2024.
Fairfield Inn & Suites by Marriott located on Interstate I-20 in Monahans in West Texas. The Permian Basin, home to Monahans and Midland-Odessa combined statistical area, is 250 miles (400 km) wide and 300 miles (480 km) long; Monahans is "The Center of the Permian Basin". The Permian Basin, America's largest, most productive oil basin, is estimated to hold 71 billion barrels of technically recoverable oil, according to the U.S. Geological Survey. The Texas cities of Midland, Odessa , Monahans and San Angelo serve as the headquarters for oil production activities in the basin.
Location Description
Fairfield Inn & Suites by Marriott located on Interstate I-20 in Monahans in West Texas. The Permian Basin, home to Monahans and Midland-Odessa combined statistical area, is 250 miles (400 km) wide and 300 miles (480 km) long; Monahans is "The Center of the Permian Basin". The Permian Basin lends its name to a large oil and natural gas producing area, part of the Mid-Continent Oil Producing Area. The Permian Basin, America's largest, most productive oil basin, is estimated to hold 71 billion barrels of technically recoverable oil, according to the U.S. Geological Survey. and accounts for almost 40% of oil and 15% all natural gas produced in the United States. The Texas cities of Midland, Odessa , Monahans and San Angelo serve as the headquarters for oil production activities in the basin.
NewGen Advisory and Bharat Vakil has been exclusively retained to offer this beautiful , performing exceedingly well and Brand New Fairfield Inn & Suites by Marriott to Qualified Hoteliers . Fairfield Inn & Suites is built in 2021 and opened it's door for business in July of 2021. Fairfield Inn & Suites consists of beautifully appointed 95 Guest Room & Suites and many modern amenities including indoor swimming pool. Since opened , Hotel is getting a excellent penetration index with its competitive set of Hotels and is fully stabilized in within just 30 months as of December 2023. Fairfield Inn & Suites is offered at significantly well below replacement cost at only $121 K per key to qualified Hoteliers & Investors. 2023 Room Revenue is $ 2.2 Million. and projected to go up in 2024.
Fairfield Inn & Suites by Marriott located on Interstate I-20 in Monahans in West Texas. The Permian Basin, home to Monahans and Midland-Odessa combined statistical area, is 250 miles (400 km) wide and 300 miles (480 km) long; Monahans is "The Center of the Permian Basin". The Permian Basin, America's largest, most productive oil basin, is estimated to hold 71 billion barrels of technically recoverable oil, according to the U.S. Geological Survey. The Texas cities of Midland, Odessa , Monahans and San Angelo serve as the headquarters for oil production activities in the basin.
Location Description
Fairfield Inn & Suites by Marriott located on Interstate I-20 in Monahans in West Texas. The Permian Basin, home to Monahans and Midland-Odessa combined statistical area, is 250 miles (400 km) wide and 300 miles (480 km) long; Monahans is "The Center of the Permian Basin". The Permian Basin lends its name to a large oil and natural gas producing area, part of the Mid-Continent Oil Producing Area. The Permian Basin, America's largest, most productive oil basin, is estimated to hold 71 billion barrels of technically recoverable oil, according to the U.S. Geological Survey. and accounts for almost 40% of oil and 15% all natural gas produced in the United States. The Texas cities of Midland, Odessa , Monahans and San Angelo serve as the headquarters for oil production activities in the basin.
Property Facts
| Price | $10,500,000 | Building Size | 26,368 SF |
| Price Per Room | $110,526 | No. Rooms | 95 |
| Sale Type | Investment | No. Stories | 4 |
| Property Type | Hospitality | Year Built | 2021 |
| Property Subtype | Hotel | Parking Ratio | 3.79/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 2.50 AC |
| Price | $10,500,000 |
| Price Per Room | $110,526 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.50 AC |
| Building Size | 26,368 SF |
| No. Rooms | 95 |
| No. Stories | 4 |
| Year Built | 2021 |
| Parking Ratio | 3.79/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Digital key
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 24 | $154.00 | - |
| Guest Room | 71 | $136.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $3,423,170 | |
| Land Assessment | $23,090 | Total Assessment | $3,446,260 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$23,090
Improvements Assessment
$3,423,170
Total Assessment
$3,446,260
zoning
| Zoning Code | F1 (Commercial-Hotel) |
| F1 (Commercial-Hotel) |
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Fairfield Inn & Suites Monahans | 1517 S Stuart Ave
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