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Hotel-Motel

La Quinta Inn & Suites Monahans

1314 W, 1314 I-20, Monahans, TX 79756

Listing Price: $5,600,000

Cap Rate
9.00%
Number of Rooms
78
RevPAR
$56
Gross SF
154,202
Price/Room
$71,795
RRM
3.70
Price/Gross SF
$36.32
Year Built
2016

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the La Quinta by Wyndham, located in Monahans, Texas. This 78 key property was built in 2016 and is a great turnkey opportunity for any investor with very minimal PIP needed. Common area amenities include a swimming pool, meeting space, laundry services, a 24-hour fitness center and complimentary breakfast. In room guests can enjoy luxury bedding and linens, a work desk, a coffee maker, mini refrigerator, and in some rooms a separate living area.

La Quinta Monahans is located just 5.2 miles from the Sandhills State Park and is in close proximity to many attractions. This property presents investors with the opportunity to capitalize on historically strong market with an already stabilized asset.

Investment Highlights

  • 2016 Built - 3 story Interior corridor hotel
  • Ideally Located off the Interstate 20 - Less then one hour from Midland & Odessa Texas
  • 9% Cap rate on actuals including PIP - USDA Loan eligible
  • 5.2 Miles from Sandhills State Park which saw 44,500 visitors in 2023

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Hotel-Motel

La Quinta Inn & Suites Monahans

Listing Price: $5,600,000

Cap Rate
9.00%
Number of Rooms
78
RevPAR
$56
Gross SF
154,202
Price/Room
$71,795
RRM
3.70
Price/Gross SF
$36.32
Year Built
2016

Investment Highlights

  • 2016 Built - 3 story Interior corridor hotel
  • Ideally Located off the Interstate 20 - Less then one hour from Midland & Odessa Texas
  • 9% Cap rate on actuals including PIP - USDA Loan eligible
  • 5.2 Miles from Sandhills State Park which saw 44,500 visitors in 2023

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the La Quinta by Wyndham, located in Monahans, Texas. This 78 key property was built in 2016 and is a great turnkey opportunity for any investor with very minimal PIP needed. Common area amenities include a swimming pool, meeting space, laundry services, a 24-hour fitness center and complimentary breakfast. In room guests can enjoy luxury bedding and linens, a work desk, a coffee maker, mini refrigerator, and in some rooms a separate living area. La Quinta Monahans is located just 5.2 miles from the Sandhills State Park and is in close proximity to many attractions. This property presents investors with the opportunity to capitalize on historically strong market with an already stabilized asset.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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