The Motel 6 at 3001 W Dickinson Blvd, Fort Stockton, TX, has hit the market for $2.25 million. With 106 rooms across two stories, this property is being marketed as a high-potential investment opportunity, priced at $21,226 per room, significantly below replacement cost.
Key Features:
- Prime Location: Convenient access to Interstate 10 and just 1.5 hours from Midland International Airport.
- Revenue History: Annual revenues over the past five years ranged from $500K to $1.5M.
- Market Growth Potential: STR data from December 2023 shows a RevPAR Index of 53%, indicating room for growth in the local hospitality market, which has seen a 20% increase in competition over the last year.
Since transitioning from corporate ownership in June 2022, the property has been privately owned under absentee management. The Motel 6 includes amenities such as a pool, high-speed internet access, and public Wi-Fi, providing comfort for travelers at an accessible daily rate of $51.
Property Details:
- Year Built: 1970
- Lot Size: 2.07 acres
- Building Size: 38,090 square feet
- Parking Ratio: 3.41 spaces per 1,000 square feet
Interested buyers must arrange property visits by appointment through the listing agent, Oliver Cooper of Amber Hotel Company, at (818) 851-3300. Potential investors are encouraged to consider the property’s competitive pricing and strong market positioning as factors for significant ROI opportunities.
Note: Please refrain from contacting the hotel staff directly. For further details, visit the listing at LoopNet.
