60-Key Extended-Stay Hotel & Apartment | Permian Basin | NOI $744K - Business for Sale
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60-Key Extended-Stay Hotel and Apartment in Reeves County, TX
TX, US
Added 2 months ago
Extended-Stay Hotel & Apartment
The business is a 60-key extended-stay hotel and apartment property located in Reeves County, TX, serving workforce and business travelers in the Permian Basin energy region.
Key Information
Asking
$5.0M
Revenue
$1.9M
Earnings
$744K
Multiple
6.7x
Key Highlights
- Property consists of 60 total hotel rooms and apartment-style accommodations
- Located in Reeves County, TX, in the Permian Basin
- Historical occupancy rate is 71.4%, ADR is $103.12, RevPAR is $73.63, and historical NOI is $965,000
- Stabilized occupancy rate is 71.0%, ADR is $80.33, RevPAR is $57.03, and stabilized NOI is $588,000
Contact Info
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