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Hotel-Motel

Fairfield Inn & Suites Monahans

1517 S Stuart Ave, Monahans, TX 79756

Listing Price: $12,445,000

Cap Rate
7.02%
Number of Rooms
95
RevPAR
$67
Gross SF
26,368
Price/Room
$131,000
Price/Gross SF
$471.97
Year Built
2021

Investment Overview

The four-story hotel features interior corridors, 95 guestrooms, elevators, a welcoming lobby, breakfast area, sundry market, fitness center, guest laundry, and an outdoor pool. Monahans, TX is in West Texas between Pecos and Odessa/Midland, in the heart of the Permian Basin. This area accounts for nearly 40 percent of all oil production in the United States and nearly 15 percent of its natural gas production, according to the Federal Reserve Bank of Dallas. The property is off Interstate 20, just 38 miles south from Odessa and 40 miles north of Pecos. Over 20,000 vehicles pass the Fairfield Inn & Suites Monahans each day, several stopping in Monahans to visit the miles of 70-foot-tall sand dunes at Monahans Sandhills State Park. Newly constructed in 2021, this property is already capturing more than its market share in occupancy compared to its competitors in the area and expects a 33% increase in revenue in 2023. Located directly adjacent to the county’s Convention Center, the Fairfield Inn & Suites Monahans provides the area with a much-needed upper-midscale property to accommodate its visitors.

Investment Highlights

  • Newly Constructed
  • Premium Franchise
  • Excellent Interstate Visibility

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Hotel-Motel

Fairfield Inn & Suites Monahans

Listing Price: $12,445,000

Cap Rate
7.02%
Number of Rooms
95
RevPAR
$67
Gross SF
26,368
Price/Room
$131,000
Price/Gross SF
$471.97
Year Built
2021

Investment Highlights

  • Newly Constructed
  • Premium Franchise
  • Excellent Interstate Visibility

Investment Overview

The four-story hotel features interior corridors, 95 guestrooms, elevators, a welcoming lobby, breakfast area, sundry market, fitness center, guest laundry, and an outdoor pool. Monahans, TX is in West Texas between Pecos and Odessa/Midland, in the heart of the Permian Basin. This area accounts for nearly 40 percent of all oil production in the United States and nearly 15 percent of its natural gas production, according to the Federal Reserve Bank of Dallas. The property is off Interstate 20, just 38 miles south from Odessa and 40 miles north of Pecos. Over 20,000 vehicles pass the Fairfield Inn & Suites Monahans each day, several stopping in Monahans to visit the miles of 70-foot-tall sand dunes at Monahans Sandhills State Park. Newly constructed in 2021, this property is already capturing more than its market share in occupancy compared to its competitors in the area and expects a 33% increase in revenue in 2023. Located directly adjacent to the county’s Convention Center, the Fairfield Inn & Suites Monahans provides the area with a much-needed upper-midscale property to accommodate its visitors.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

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