Oakwood Suites – Andrews, 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

UNDER CONTRACT

  • Fee simple interest in the lender-owned, 62-room Oakwood Suites Andrews TX offered at a substantial discount to replacement cost
  • Property offered for individual sale in the November 10th auction, as part of a larger seven asset Texas and New Mexico portfolio affording buyers the opportunity to purchase multiple assets with strong operating economies of scale
  • Offered unencumbered of management or debt with the ability to remain independent, secure new branding with a new long-term license, or explore an alternative use
  • Significant operational upside for a prospective owner in taking over for the current larger national third-party operator, and the lender who came into ownership of the asset in mid 2016
  • Situated directly adjacent to and directly visible from US Route 385
  • Optimal time to be investing in the Permian region as drilling activity is rebounding sharply with September 2021 active rig counts at 259 as compared to 123 in the prior year
  • The Property is unecumbered of any Franchise Agreement, as well as management and debt
Location