La Quinta Inns & Suites | 836 I 10
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La Quinta Inns & Suites 836 I 10
84 Room Hotel Fort Stockton, TX 79735 $13,250,000 ($157,738/Room)
Executive Summary
NewGen Advisory is proud to present the 84-unit La Quinta Inn & Suites located in Fort Stockton, Texas. The hotel is situated off Interstate-10 and Texas-18 giving guests easy access to surrounding cities. Being built in 2020, this is the latest prototype of the highly recognized brand. Investors have an opportunity to acquire a stabilizing asset in a growing market at below replacement cost.
Fort Stockton is situated at the crossroads of U.S. Highway 285 and Interstate 10, making it a key stopping point for travelers heading east-west and north-south. The local economy has historically been tied to ranching, oil, and gas industries. In recent years, the city has also seen growth in tourism and renewable energy, particularly solar power projects. Agriculture remains an important part of the local economy, with farming and ranching being common activities.
Fort Stockton is situated at the crossroads of U.S. Highway 285 and Interstate 10, making it a key stopping point for travelers heading east-west and north-south. The local economy has historically been tied to ranching, oil, and gas industries. In recent years, the city has also seen growth in tourism and renewable energy, particularly solar power projects. Agriculture remains an important part of the local economy, with farming and ranching being common activities.
Property Facts
| Price | $13,250,000 | Lot Size | 3.60 AC |
| Price Per Room | $157,738 | Building Size | 40,000 SF |
| Sale Type | Investment | No. Rooms | 84 |
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built | 2020 |
| Building Class | B | Corridor | Interior |
| Price | $13,250,000 |
| Price Per Room | $157,738 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.60 AC |
| Building Size | 40,000 SF |
| No. Rooms | 84 |
| No. Stories | 4 |
| Year Built | 2020 |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 30 | $130.00 | - |
| Guest Room | 54 | $105.00 | - |
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PROPERTY TAXES
| Parcel Number | 00146-00017-14060-000000 | Improvements Assessment | $5,161,190 |
| Land Assessment | $95,690 | Total Assessment | $5,256,880 |
PROPERTY TAXES
Parcel Number
00146-00017-14060-000000
Land Assessment
$95,690
Improvements Assessment
$5,161,190
Total Assessment
$5,256,880
zoning
| Zoning Code | C (Commercial District) |
| C (Commercial District) |
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La Quinta Inns & Suites | 836 I 10
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