836 I-10Fort Stockton, TX 79735

Property Details for 836 I-10

Year built

2020

Lot size

3.60 AC

Property size (Sq ft)

40,000 SF

Property type

Hospitality properties

Property subtype

Hotels

Description

This exceptional 84-key La Quinta Inn & Suites presents a compelling investment opportunity. Built in 2020, this four-story, 40,000-square-foot hotel boasts a modern design and is situated on a 3.6-acre lot at 836 I-10 in Fort Stockton, Texas, zip code 79735. Its strategic location off Interstate-10 and Texas-18 provides convenient access for travelers. The property benefits from its proximity to major transportation routes, serving as a key stopover for those traveling east-west and north-south. Fort Stockton's economy is diverse, encompassing ranching, oil and gas, tourism, and renewable energy sectors, ensuring a stable market for the hotel. The hotel's strong performance is evidenced by positive guest ratings, and its 2020 construction ensures minimal maintenance needs. With limited competition in its immediate vicinity, this asset offers a rare chance to acquire a well-maintained, high-performing hotel at a price per square foot of $331.25, for a total asking price of $13,250,000. The absentee ownership structure provides a streamlined acquisition process. This represents a below-replacement-cost acquisition in a growing market. The property is well-maintained and benefits from its location at the crossroads of major transportation arteries.

Location Insight

City

Fort Stockton

County

Pecos

State

Texas

Latitude

30.9092

Longitude

-102.886

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