60-Key Extended-Stay Hotel & Apartment Property - Business for Sale
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60-Key Extended-Stay Hotel and Apartment Property in Texas
TX, US
Added 2 months ago
Extended-Stay Hotel & Apartment Property
An extended-stay hotel and apartment property with 60 units serves oilfield personnel, contractors, and business travelers in the Permian Basin region of Texas.
Key Information
Asking
$4.5M
Revenue
$1.9M
Earnings
$588K
Multiple
7.7x
Key Highlights
- Property consists of 60 total hotel rooms and apartment-style accommodations.
- Location is in Texas, US, serving the Permian Basin region.
- Historical occupancy rate is 71.4% with ADR of $103.12 and RevPAR of $73.63.
- Stabilized occupancy rate is 71.0% with ADR of $80.33 and RevPAR of $57.03.
Contact Info
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