Baymont Fort Stockton, TX

Listing Agents

Kami Burnette
T | 512.574.1786
kburnette@paramountlodging.com

Mason McDavid
T | 512.543.4653
mmcdavid@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the institutionally owned and brand managed 97-key Baymont by Wyndham Fort Stockton TX offered at a substantial discount to replacement cost
  • Property offered for individual sale in the May 20th-24th auction event as part of a larger five asset Texas, Illinois and New Jersey portfolio
  • Significant operational upside for prospective buyers with a focused local / regional strategy and market knowledge
  • Property offered with very advantageous PIP treatment transferrable to Buyer
  • Ability for qualified buyers to retain the Wyndham flag with a new long-term license upon completion of the Baymont PIP
  • Ideally situated at the Highway 67 and Highway 285 intersection with approximately 20,000 vehicles passing the location daily
  • As of March 2022, active rigs in the Permian Basin totaled 316 which is an 80% increase over the trailing twelve months resulting in higher demand for hotel nights in the region
  • WTI price per barrel is hovering around $110, which is approximately an 80% increase since March 2021 and is an overarching positive indicator for energy demand in Fort Stockton
  • Energy Demand – continued positive outlook on the regional oil and gas sector indicates a strong upside opportunity for additional drilling and related activity in the Permian. This includes a focus on the city of Fort Stockton and the broader regional market and surrounding communities
Location