For Sale
$5,200,000

5207 Big Spring Hwy Snyder, TX 79549

81-Key Hotel, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
133
This 81-key Fairfield Inn & Suites in Snyder, Texas, presents a compelling value-add investment opportunity. Located at 5207 Big Spring Hwy, Snyder, TX 79549, this three-story, 2016-built hotel boasts 89 parking spaces and is situated near Cogdell Memorial Hospital. Currently operating at 62.47% occupancy, the property offers a Net Operating Income (NOI) of $345,434, with a pro-forma NOI projected at $455,000. The asking price is $5,200,000, translating to $64,198 per key. This represents a significant opportunity to acquire a premium franchised mid-market hotel within the Marriott family, offered below replacement cost. The property's current underperformance relative to market comparables suggests substantial potential for revenue per available room (RevPAR) growth and NOI enhancement following the completion of planned improvements. This is a hands-off ownership opportunity with significant upside potential. The property is currently managed under a month-to-month contract.

Highlights

  • Prime location adjacent to Cogdell Memorial Hospital.
  • Offered significantly below replacement cost at $64,198 per key.
  • Exceptional opportunity to acquire a Marriott-franchised hotel.
  • Ideal hands-off investment.

Property Details for 5207 Big Spring Hwy

Property type
Hospitality properties, Motels
Year Built
2016
Buildings
1
Stories
3

Location Insight

City
Snyder
County
Scurry
State
Texas
Latitude
32.689764515438
Longitude
-100.91977498372

FAQs

What type of property is this?
Hospitality property - 81-Key Hotel, Value-Add Opportunity
Where is the hospitality property located?
The property is located at 5207 Big Spring Hwy Snyder, TX.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Prime location adjacent to Cogdell Memorial Hospital.; Offered significantly below replacement cost at $64,198 per key.; Exceptional opportunity to acquire a Marriott-franchised hotel.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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5207 Big Spring Hwy
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