5207 Big Spring HwySnyder, TX 79549
- Hospitality properties
Property Details for 5207 Big Spring Hwy
- Year built
- 2016
- Property type
- Hospitality properties
- Property subtype
- Other hospitality properties
Description
This 81-key Fairfield Inn & Suites in Snyder, Texas, presents a compelling value-add investment opportunity. Located at 5207 Big Spring Hwy, Snyder, TX 79549, this three-story, 2016-built hotel boasts 89 parking spaces and is situated near Cogdell Memorial Hospital. Currently operating at 62.47% occupancy, the property offers a Net Operating Income (NOI) of $345,434, with a pro-forma NOI projected at $455,000. The asking price is $5,200,000, translating to $64,198 per key. This represents a significant opportunity to acquire a premium franchised mid-market hotel within the Marriott family, offered below replacement cost. The property's current underperformance relative to market comparables suggests substantial potential for revenue per available room (RevPAR) growth and NOI enhancement following the completion of planned improvements. This is a hands-off ownership opportunity with significant upside potential. The property is currently managed under a month-to-month contract.
Location Insight
- City
- Snyder
- County
- Scurry
- State
- Texas
- Latitude
- 32.6898
- Longitude
- -100.92
Comparable in this City
Similar Nearby for Sale
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