Fairfield Inn & Suites Snyder, 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 2016 built, 81-room Fairfield Inn & Suites by Marriott Snyder TX offered at a discount to replacement cost
  • Property available for traditional sale with call for offers on November 10th, 2021
  • Absentee-owned, third-party managed hotel with significant upside for a perspective buyer taking over for current management
  • Ability to retain the Marriott flag for a long-term license upon completion of the change-of-ownership PIP
  • Ideally situated in Snyder TX in the northeast corner of the Permian Basin, the largest petroleum producing basin in the United States
  • Situated directly across from Cogdell Memorial Hospital and adjacent to Texas State Highway 350 with approximately 10,000 vehicles passing the location daily
  • 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 Snyder as well as the broader regional market and surrounding communities
  • Migration trends continue to heavily favor Texas as residents are attracted to the quality of life and as business leaders seek the pro- business environment and lesser tax burden
Location