60-Key Extended-Stay Hotel | SBA-Prequal | Permian Basin | NOI $744K - Business for Sale
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60-Key Extended-Stay Hotel in Reeves County, TX
TX, US
Added 3 months ago
Extended-Stay Hotel and Workforce Housing
The business is a 60-key extended-stay hotel and apartment property located in Reeves County, TX, serving oilfield personnel, contractors, and workforce housing needs in the Permian Basin.
Key Information
Asking
$5.0M
Revenue
$1.9M
Earnings
$744K
Multiple
6.7x
Key Highlights
- The property consists of 60 total hotel rooms and apartment-style accommodations
- Located in Reeves County, TX, in the Permian Basin
- Occupancy rate is 71.0% (stabilized), with an average daily rate (ADR) of $80.33 and RevPAR of $57.03 (stabilized)
Contact Info
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