60-Key Extended-Stay Hotel & Apartment Property | Permian Basin | Stabilized NOI $588K
60-key extended-stay hotel and apartments in the Permian Basin, TX
On NextCompany since September 1, 2026 (44 days)
TX area
Business overview
This 60-key extended-stay hotel and apartment property serves guests in the Permian Basin, TX. Hotel rooms and apartment-style units house short-term and extended-stay guests. Oilfield crews, energy contractors, and construction teams use the lodging.
Stabilized occupancy is 71.0 percent. Stabilized ADR is $80.33. Stabilized revenue is $1,914,000. Stabilized NOI is $588,000. The asking price is $5,000,000.
Who is a good fit for this business
- Buyers seeking a 60-key extended-stay hotel serving Permian Basin energy and construction crews.
- Investors who can underwrite stabilized NOI of $588,000 against a $5,000,000 asking price.
- Buyers who want SBA financing for a Texas hotel and apartment lodging property.
- Owner-operators who will run workforce lodging for oilfield and industrial guests.
Details
- Reason for selling
- Owner looking to focus on other business interests.
- Real estate
- Owned, available separately
Frequently Asked Questions
This 60-key property runs an extended-stay hotel with apartment-style units in the Permian Basin, TX. Oilfield personnel, energy contractors, and business travelers use the rooms. Construction crews, relocation clients, and workforce housing tenants also stay. The operating model serves short-term guests and longer lodging stays.
Stabilized occupancy is 71.0 percent across 60 hotel and apartment units. Stabilized ADR is $80.33 for the lodging mix. Stabilized RevPAR is $57.03. Stabilized revenue is $1,914,000. Buyers can weigh stabilized NOI of $588,000 against the $5,000,000 asking price.
Historical operations produced $2,252,000 in total revenue at this 60-unit property. Historical NOI reached $965,000. Occupancy ran at 71.4 percent. Historical ADR was $103.12. Historical RevPAR was $73.63.
The sale includes inventory. Furniture, fixtures, and equipment also transfer with the property. The seller does not offer financing. SBA prequalification applies to this 60-key hotel listing.
The owner looks to focus on other business interests. This hotel is not a franchise. Sunbelt Business Brokers of Dallas Metro lists the property. Bill Nicholson represents the listing.