60-Key Extended-Stay Hotel & Apartment | Permian Basin | NOI $588K - Business for Sale
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60-Key Extended-Stay Hotel and Apartment in Reeves County, TX
TX, US
Added 1 day ago
Extended-Stay Hotel & Apartment
The business is a 60-unit extended-stay hotel and apartment property located in Reeves County, TX, serving oilfield personnel, contractors, business travelers, and long-term workforce housing tenants in the Permian Basin.
Key Information
Asking
$4.5M
Revenue
$1.9M
Earnings
$588K
Multiple
7.7x
Key Highlights
- Located in Reeves County, TX, US
- The property consists of 60 total hotel rooms and apartment-style accommodations
- Net operating income (NOI, stabilized) is $588,000
- Stabilized occupancy rate is 71.0% with an average daily rate (ADR) of $80.33 and RevPAR of $57.03
- Customer base includes oilfield personnel, energy contractors, business travelers, construction crews, relocation clients, and long-term workforce housing tenants
Contact Info
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