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1102 W Interstate 20
Big Spring, TX 79720
La Quinta Inns & Suites Big Spring · Hospitality Property For Sale
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29,656 sq ft
PROPERTY FACTS
| Property Type | Hospitality | No. Floors | 4 |
| Property Subtype | Hotel | Year Built | 2009 |
| Costar Property Class | C | Parking Allocation | 1.54/1,000 sq ft |
| Total Plot Size | 1.86 ac | Corridor | Interior |
| Property Size | 29,656 sq ft | ||
| Use Class | None | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | C |
| Total Plot Size | 1.86 ac |
| Property Size | 29,656 sq ft |
| No. Floors | 4 |
| Year Built | 2009 |
| Parking Allocation | 1.54/1,000 sq ft |
| Corridor | Interior |
| Use Class | None |
AMENITIES
- Business Centre
- Fitness Centre
- Pool
- Meeting Event Space
ABOUT 1102 W INTERSTATE 20 , BIG SPRING, TX 79720
Fee simple interest in the lender-owned and newly renovated, 73-room La Quinta Inn & Suites Big Spring, TX Offered for sale traditionally with a Call for Offers date of Wednesday, June 16th Minimal PIP requirement with lender having already invested approximately $1.3M ($18k/key) on a renovation completed in 2019 Offered unencumbered of management and debt with the ability to retain the La Quinta flag with a long-term relicense Significant operational upside for a prospective owner/operator with the hotel REO since February 2017 Ideally situated at the intersection of US Highway 87 and Interstate 20, known as the “Crossroads of West Texas,” with over 29,000 vehicles passing the subject daily Proximate to key regional demand generators including Alon USA Refinery, Derek USA, Big Spring State Park, Big Spring State Hospital, VA Medical Center, Sinclair oil wells, Nacero Gas Manufacturing, and Howard College Optimal time to be investing in Big Spring with steadily improving energy activity and WTI pricing having increased 40% in the past six months to a profitable price that will continue to incentivize production and capital investments in the Permian
