3001 W Dickinson Blvd - Hospitality FOR SALE


Fort Stockton, TX 79735
$2,250,000 USD
818-851-3315
3001 W Dickinson Blvd, Fort Stockton, TX for Sale
$2,250,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

3001 W Dickinson Blvd
Fort Stockton, TX 79735


HIGHLIGHTS

  • 106 Rooms, 2 Stories
  • Past 5 Years Revenue Ranges from $500K+ to $1.5M
  • Privately Owned Hotel with Absentee Ownership
  • STR Data Shows Significant Upside Potential to Capture a Greater Share of the Market (RevPAR Index 53%)
  • Convenient Access to Interstate 10
  • Priced below replacement cost at less than $22K/key

OVERVIEW

The Motel 6 in Fort Stockton, TX was corporate owned until June 2022. Since then, it has been privately owned with absentee ownership. December 2023 STR report shows significant upside opportunity for the hotel to capture a greater share of the market (RevPAR Index of 53% over the trailing 12 months). Over the past five years revenue has ranged from $500K+ to $1.5M+ highlighting the strong revenue potential of the business. The property has convenient access to Interstate 10 and is 1.5 hours from Midland International Airport. Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff. The Motel 6 was corporate owned until June 2022. Since then, it has been privately owned with absentee ownership. July 2023 STR data shows significant upside opportunity for the hotel to capture a greater share of the market (RevPAR Index of 54% over the trailing 12 months). STR data also shows the local competitive market is trending up nearly 20% over the past 12 months. The property has convenient access to Interstate 10 and is 1.5 hours from Midland International Airport. Interested buyers are invited to contact us if you have further interest in this opportunity, would like to visit the property, or submit an offer. All property visits are by appointment only. Please do not contact the hotel or speak with the staff.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$59 USD /SF

# OF ROOMS

106

PRICE/ROOM

$21,226 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motel 6 Fort Stockton

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1970

PARKING SPACES

130

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

89,999 SF

ZONING

C

APN/PARCEL ID

01200-01000-01000-000000

ASK ABOUT THIS PROPERTY

Oliver CooperAmber Hotel CompanyMore Info
818-851-3315

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Oliver CooperAmber Hotel CompanyMore Info
818-851-3315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.