for sale
Fairfield Inn & Suites
1517 S Stuart Ave | Monahans, TX 79756
Investment Highlights
- Built and opened in 2021.
- Offered at below replacement cost of $110,526 per key.
- TTL March 2025 Room revenue is $2,347,259 and trending up.
Property Description
Bharat Vakil of NewGen Advisory has been exclusively retained to offer this beautiful, 3 year old Fairfield Inn & Suites – Monahans, TX. Fairfield Inn & Suites was built in 2021 and opened its doors for business in July of 2021. The hotel consists of 95 beautifully appointed guest rooms & suites with many modern amenities including indoor swimming pool.
Since opening, the Fairfield Inn & Suites – Monahans, TX has been getting excellent penetration index with its competitive set of hotels. The hotel was fully stabilized within 30 months as of December 2023. This Fairfield Inn & Suites is offered significantly below replacement cost at only $110,526 per key to qualified hoteliers and investors.
Location Description
The Fairfield Inn & Suites – Monahans, TX is located on Interstate 20 in West Texas. The Permian Basin, home to Monahans and Midland-Odessa have a combined statistical area, and is 250 miles wide and 300 miles long; Monahans is “The Center of the Permian Basin”.
The Permian Basin lends its name to a large oil and natural gas producing area, part of the Mid-Continent Oil Producing Area. The Permian Basin, America’s largest, most productive oil basin, is estimated to hold 71 billion barrels of technically recoverable oil, according to the U.S. Geological Survey, and accounts for almost 40% of oil and 15% of all natural gas produced in the United States. The Texas cities of Midland, Odessa, Monahans and San Angelo serve as the headquarters for oil production activities in the basin.
Share to Social
Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Bharat Patel-Vakil
Sr VP | TX Designated Broker
TX # 512841
(817) 821-1536
bharat.vakil@newgenadv.com