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1517 S Stuart Ave Monahans, TX 79756

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For Sale
$10,500,000

Fairfield Inn & Suites – Monahans, TX

Property size:
48,746 SF
Added:
Jan 28, 2025
Days on Market:
427
Last Refresh:
Mar 16 at 9:06 am

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

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Listing Contact
Bharat Patel-vakil

Listing agent Bharat

Listing office

Listing date Jan 28, 2025


Overview

Profitable Permian Basin Hotel

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.
Location Intelligence

Current Use by Public Records

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Gym & Fitness Center Pharmacy HVAC Service Bar & Pub Garden Center Cafe & Coffee Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Monahans
County
Ward
State
Texas
Longitude
-102.956
Latitude
31.5378

FAQs

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
More about this property
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