Profitable Permian Basin
For Sale
$10,500,000
1517 S Stuart Ave, Monahans, TX 79756
Fairfield Inn & Suites – Monahans, TX
Property Size48,746 SF
Price / SF$215.40
Days on Market618
Property Features for 1517 S Stuart Ave
General Information
Standard status
Active
Property type
Hotels, Other hospitality properties, Other residential income properties, Hospitality properties, Residential income properties
Size
48,746 SF
Elevators
N/A
Building Details
Year Built
2021
Buildings
1
Stories
4
Units
95
Listed By:
Bharat Patel-vakil
(817) 821-1536
Added: Jan 28, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 95-room hotel, built in 2021 and opened in July of the same year, is located in Monahans, TX. The property is situated on Interstate 20, in the Permian Basin. The hotel features guest rooms and suites, complemented by amenities including an indoor swimming pool. The asset demonstrates strong performance, achieving a 127.7% RevPAR penetration index (year-over-year increase of 9.5%). Year-to-date room revenue through August 2024 reached $1,639,061, projecting a total of $2.5 million for 2024. The hotel's 48,746 square foot building is situated in a region known for its oil and natural gas production, serving as a central hub for related activities.
Key Highlights
- Built and opened in 2021
- Offered at below replacement cost of $110,526 per key
- Running 12 months RevPAR penetration index: 127.7% which is up 9.5 % from previous year
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 79756, TX
10,318
Population
4,318
Households
2.4
Avg Household Size
35
Median Age
10%
College-Educated
80%
High-School Grad
158.5 sq mi
ZIP Area
65
Density / Sq Mi
$70,924
Median Household Income
$46,511
Median Earnings
$960
Median Rent
$153,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Fairfield Inn & Suites – Monahans, TX
Where is this hotel located?
The property is located at 1517 S Stuart Ave Monahans, TX.
What is the asking price?
The asking price for this property is $10,500,000.
What are key features of this property?
This property features: Built and opened in 2021; Offered at below replacement cost of $110,526 per key; Running 12 months RevPAR penetration index: 127.7% which is up 9.5 % from previous year
