836 I 10 - Hospitality FOR SALE


Fort Stockton, TX 79735
$13,250,000 USD
480-766-6014
836 I 10, Fort Stockton, TX for Sale
$13,250,000 USD
Hospitality - FOR SALE
1/20
null | Request Cap Rate

836 I 10
Fort Stockton, TX 79735


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$13,250,000 USD

PRICE/SF

$331 USD /SF

# OF ROOMS

84

PRICE/ROOM

$157,738 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inns & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.6 AC

LAND SF

156,816 SF

ZONING

C

APN/PARCEL ID

00146-00017-14060-000000

ASK ABOUT THIS PROPERTY

Kishan GohelNewGen AdvisoryMore Info
480-766-6014

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Kishan GohelNewGen AdvisoryMore Info
480-766-6014

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