Shale Lodge Hobbs - Hobbs, NM
Hospitality | 89 Keys
Marketing description
Dan Rama and Suraj Rama of NewGen Advisory are pleased to present for sale the Shale Lodge Hobbs – Hobbs, NM. This is a unique opportunity to acquire a stabilized workforce housing asset that is perfectly positioned for the energy expansion currently underway in the Permian Basin. Shale Lodge is benefits greatly from consistent demand from oilfield contractors, service companies, and transient labor.
Onsite amenities include meal service, guest laundry service, and a fitness center. The property includes plenty of room for expansion to keep up with growing demand for workforce housing. This is a great opportunity for investors to acquire a turnkey asset in a strong performing market.
Investment highlights
2024 gross revenue - $2.1MM
Listed at 12% cap rate – NOI over $1MM
Strong demand segment – benefits from ongoing expansion in oil and gas sector
Durable manufactured construction
Motivated seller, bring all offers
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