Listed by Matthews
$2,600,000
Motel 6 - Two Property Portfolio - 2.3X RRM
Details
APN 01200-01000-01000-000000
Property Type Hospitality
Sub Type Motel
Keys 146
Brand/Tenant Motel 6
Year Built 1973/1979
Buildings 2
Acreage 3.610
Parking Spaces 161 spaces
Hospitality | 146 Keys | $17,808/key
Investment highlights
Strategic Location (Van Horn & Fort Stockton)
- Van Horn, Texas, a growing stopover destination for travelers heading to popular locations like Big Bend National Park, Guadalupe Mountains, and Carlsbad Caverns.
- Prime location along I-10 and I-20 makes the property a convenient stop for cross-country travelers, truckers, and road-trippers, driving consistent demand year-round.
- As one of the largest towns between El Paso and San Antonio, Fort Stockton is a natural overnight stop for cross-state travelers and commercial trucking routes.
- Fort Stockton’s remote geography limits the number of branded lodging options, allowing well-located properties like Motel 6 to capture a large share of transient travelers.
Completed PIP
- The PIP has already been taken care of for both properties, so they are fully up to Motel 6 standards with no major upgrades left for the new owner.
- Freshly updated rooms and common areas help create better guest experience, leading to stronger reviews and more repeat business.
- With the PIP complete, the franchise requirements are satisfied for years to come, giving the next owner predictable operations without big renovation surprises.
Attractive Pricing with Strong Brand
- Portfolio offered at just $2.6M (2.3x revenue multiplier), presenting strong value relative to replacement cost and market comps.
- Both properties benefit from Motel 6’s national reservation system, cost-efficient operating model, and strong recognition among economy travelers.
- Opportunity to push ADR and occupancy with refreshed management/marketing while maintaining a low acquisition basis.
Listing Contacts
Listed by Matthews
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