1517 Stuart Ave Monahans, TX 79756

This exceptional 95-key Fairfield Inn & Suites by Marriott, built in 2021 and opened in July of the same year, presents a compelling investment opportunity. Located at 1517 E Stuart Ave, Monahans, TX 79756, this four-story, 48,746 square foot hotel sits on a 2-acre lot with 100 parking spaces and is zoned GC-General Commercial. The property boasts a strong financial performance, achieving a 9.52% pro-forma cap rate and a $1,000,000 pro-forma NOI. The asking price is $10,500,000, representing a price per key of $110,526.32. Year-to-date (August 2024) room revenue stands at $1,639,061, projecting to reach $2.5 million by year-end. The hotel's location in Monahans, the heart of the Permian Basin, benefits from the region's robust energy sector. This thriving West Texas energy market continues to demonstrate strong upward growth, making this a highly attractive, stabilized investment with a 127.7% RevPAR penetration index (running 12 months) and a 9.5% increase from the previous year. The hotel features numerous modern amenities, including an indoor swimming pool. This below-replacement-cost offering presents a rare chance to acquire a high-performing asset in a dynamic market.