NewGen Advisory is proud to present the 84-unit La Quinta Inn & Suites located in Fort Stockton, Texas. The hotel is situated off Interstate-10 and Texas-18 giving guests easy access to surrounding cities. Being built in 2020, this is the latest prototype of the highly recognized brand. Investors have an opportunity to acquire a stabilizing asset in a growing market at below replacement cost.
Fort Stockton is situated at the crossroads of U.S. Highway 285 and Interstate 10, making it a key stopping point for travelers heading east-west and north-south. The local economy has historically been tied to ranching, oil, and gas industries. In recent years, the city has also seen growth in tourism and renewable energy, particularly solar power projects. Agriculture remains an important part of the local economy, with farming and ranching being common activities.