1517 S Stuart Ave

• Built and opened in 2021 and Offered at below replacement cost of $110,500 per key.
• Running 12 months RevPAR penetration index is 127.7% and is up 9.5 % from previous year
• Room Revenue YTD August 2024 is $ 1,639,061 and projected to finish 2024 with Room Revenue of $2.5 Million.
• Located in the Permian Basin headquarters for oil production
• West Texas energy market is continuously showing strong upward trajectory

Property Description

NewGen Advisory and Bharat Vakil has been exclusively retained to offer this beautiful, performing exceedingly well and brand new Fairfield Inn & Suites by Marriott. Opened for business in July of 2021, the Fairfield Inn & Suites consists of beautifully appointed 95 guest rooms and suites with many modern amenities including an indoor swimming pool. Fairfield Inn & Suites is offered at significantly well below replacement cost at only $110,500 per key to qualified hoteliers and investors. YTD August 2024 Revenue is $1,639,061 and projected to finish 2024 with Room Revenue exceeding $2.5 Million.