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Hotel-Motel

Hampton Inn Snyder

1801 E Roby Hwy, Snyder, TX 79549

Listing Price: Request For Offer

Number of Rooms
80
RevPAR
$45
Year Built
2015

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Hampton Inn Snyder (‘Hotel’ or ‘Property’). The Hilton-branded Hotel is offered at $5,500,000 or $68,750 per key. The Hampton Inn Snyder is an 80-room, 4-story Hotel stationed at 1801 East Roby Highway, at the busy intersection of Highway 180 and Highway 208. This Hotel features an indoor pool, meeting and event space, fitness center, and business center. Spacious guest rooms offer a ?at-screen television, a work desk and ergonomic chair, mini fridge, and microwave. Snyder, Texas, is in Scurry County, approximately 100 miles east of Midland and 90 miles south of Lubbock. Snyder’s economy is based on oil and gas industries, which have grown substantially over the last few years from the recent discovery of the Cline Shale. This shale is estimated to hold more than 30 billion barrels of recoverable oil, exceeding both the Bakken Shale in North Dakota and the Eagle Ford Shale in South Texas. Snyder is home to two of the United States largest wind energy farms, including one of Amazon’s renewable energy projects: the Amazon Wind Farm. The Hotel’s strategic highway location allows easy access to notable demand generators such as the Winston Field Airport (4.3 miles), GE Oil & Gas (3.1 miles), and Reef Services LLC (2.5 miles). The Hotel has outperformed the STR defined competitive set, posting a RevPAR penetration index average of 118 percent from 2018 through 2020. In 2019, room revenues were recorded at over $1.48 million and net operating income at $215.5 thousand or 14.3 percent of gross income, after a 4 percent capital replacement reserve and a 3 percent management fee. An experienced hotelier can grow operating income through better revenue management strategies, not only benefiting from a higher RevPAR but also realizing a higher operating income.

Investment Highlights

  • Four-Story, 80-Room, Hilton-Branded Hotel Built in 2015
  • Priced Below Replacement Cost at $68,750 Per Key
  • Easily Accessible and Highly Visible from Highway 180
  • Strategic Location Near Notable Demand Generators Including Winston Field Airport, GE Oil & Gas, and Reef Services LLC
  • Average 118 Percent RevPAR Penetration from 2018 Through 2020

Exclusively Listed By

Hotel-Motel

Hampton Inn Snyder

Listing Price: Request For Offer

Number of Rooms
80
RevPAR
$45
Year Built
2015

Investment Highlights

  • Four-Story, 80-Room, Hilton-Branded Hotel Built in 2015
  • Priced Below Replacement Cost at $68,750 Per Key
  • Easily Accessible and Highly Visible from Highway 180
  • Strategic Location Near Notable Demand Generators Including Winston Field Airport, GE Oil & Gas, and Reef Services LLC
  • Average 118 Percent RevPAR Penetration from 2018 Through 2020

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Hampton Inn Snyder (‘Hotel’ or ‘Property’). The Hilton-branded Hotel is offered at $5,500,000 or $68,750 per key. The Hampton Inn Snyder is an 80-room, 4-story Hotel stationed at 1801 East Roby Highway, at the busy intersection of Highway 180 and Highway 208. This Hotel features an indoor pool, meeting and event space, fitness center, and business center. Spacious guest rooms offer a ?at-screen television, a work desk and ergonomic chair, mini fridge, and microwave. Snyder, Texas, is in Scurry County, approximately 100 miles east of Midland and 90 miles south of Lubbock. Snyder’s economy is based on oil and gas industries, which have grown substantially over the last few years from the recent discovery of the Cline Shale. This shale is estimated to hold more than 30 billion barrels of recoverable oil, exceeding both the Bakken Shale in North Dakota and the Eagle Ford Shale in South Texas. Snyder is home to two of the United States largest wind energy farms, including one of Amazon’s renewable energy projects: the Amazon Wind Farm. The Hotel’s strategic highway location allows easy access to notable demand generators such as the Winston Field Airport (4.3 miles), GE Oil & Gas (3.1 miles), and Reef Services LLC (2.5 miles). The Hotel has outperformed the STR defined competitive set, posting a RevPAR penetration index average of 118 percent from 2018 through 2020. In 2019, room revenues were recorded at over $1.48 million and net operating income at $215.5 thousand or 14.3 percent of gross income, after a 4 percent capital replacement reserve and a 3 percent management fee. An experienced hotelier can grow operating income through better revenue management strategies, not only benefiting from a higher RevPAR but also realizing a higher operating income.

Exclusively Listed By

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