For Sale
$17,500,000

702 Martin Adams Fort Stockton, TX 79735

94-key hotel, prime I-10 location

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional investment opportunity presents a brand-new, 94-key Avid hotel in Fort Stockton, Texas. Projected completion is between 2023 and 2025. The property boasts a strategic location at 702 Martin Adams, Fort Stockton, TX 79735, situated along the heavily trafficked I-10 corridor where it intersects Highway 385. This ensures excellent visibility and accessibility for travelers. The four-story building encompasses 91,389 square feet on a 2.098-acre lot. The modern design incorporates amenities appealing to a broad range of guests, including spacious guest rooms, a contemporary lobby, a fitness center, and a business lounge catering to corporate travelers. Fort Stockton's growth, fueled by tourism, the energy sector, and ongoing local development, positions this hotel for strong occupancy rates and significant return on investment. This represents a rare chance to acquire a high-demand hotel in a rapidly developing Texas market. The asking price for this exceptional property is $17,500,000. The hotel's construction is of high quality, reflecting the experience of the developer. This is a compelling investment opportunity in a thriving Texas city.

Highlights

  • Strong Energy Sector Presence driving demand.
  • Booming Hospitality Market exhibiting rising occupancy rates.

Property Details for 702 Martin Adams

Property type
Hospitality properties, Hotels
Square Feet
91,389 SF
Year Built
2023
Buildings
1
Stories
4
Lot Size (sq. ft)
91,389 SF

Location Insight

City
Fort Stockton
County
Pecos
State
Texas
Latitude
30.8909629
Longitude
-102.843825

FAQs

What type of property is this?
Hospitality property - 94-key hotel, prime I-10 location
Where is the hospitality property located?
The property is located at 702 Martin Adams Fort Stockton, TX.
What is the asking price?
The asking price for this property is $17,500,000.
What are key features of this property?
This property features: Strong Energy Sector Presence driving demand.; Booming Hospitality Market exhibiting rising occupancy rates.;
How can I contact the broker?
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702 Martin Adams
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