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Cobblestone Hotel & Suites Andrews 1400 N Us Highway 385 54 Room Hotel Andrews, TX 79714 $3,900,000 ($72,222/Room)
Investment Highlights
- Located in the Permian Basin – 30 mins north of Midland/Odessa
- Absentee owner
- Newly constructed in 2020
- Great upside for involved ownership
Executive Summary
The Cobblestone Hotel & Suites in Andrews is a 3-story, interior corridor hotel constructed in 2020. The property has 54 guestrooms, including suites, and offers strong upside potential for an owner-operator.
Property amenities include a business center, complimentary breakfast buffet, fitness center, complimentary high-speed internet, guest laundry, oversized truck/trailer parking, a beer and wine bar/lounge, indoor pool, meeting room, elevator, and an onsite convenience store.
Guestroom features include flat-panel TVs, microwave and mini-fridge, hairdryer, iron, in-room alarms, complimentary wireless internet, coffee/tea maker, and an efficient work desk.
Andrews, Texas, is a thriving West Texas community that combines small-town character with the economic strength of the Permian Basin. Serving as the county seat of Andrews County, the city supports regional energy, commerce, and workforce activity. The hotel enjoys a strategic location along U.S. Highway 385 and State Highway 176, providing easy access to Midland–Odessa and the broader Permian Basin region.
Do not contact the property directly. All inquiries and showings should be directed to Ted Holmes.
Property amenities include a business center, complimentary breakfast buffet, fitness center, complimentary high-speed internet, guest laundry, oversized truck/trailer parking, a beer and wine bar/lounge, indoor pool, meeting room, elevator, and an onsite convenience store.
Guestroom features include flat-panel TVs, microwave and mini-fridge, hairdryer, iron, in-room alarms, complimentary wireless internet, coffee/tea maker, and an efficient work desk.
Andrews, Texas, is a thriving West Texas community that combines small-town character with the economic strength of the Permian Basin. Serving as the county seat of Andrews County, the city supports regional energy, commerce, and workforce activity. The hotel enjoys a strategic location along U.S. Highway 385 and State Highway 176, providing easy access to Midland–Odessa and the broader Permian Basin region.
Do not contact the property directly. All inquiries and showings should be directed to Ted Holmes.
Property Facts
| Price | $3,900,000 | Building Size | 29,613 SF |
| Price Per Room | $72,222 | No. Rooms | 54 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 2020 |
| Property Subtype | Hotel | Parking Ratio | 2.94/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 3.13 AC | ||
| Zoning | C | ||
| Price | $3,900,000 |
| Price Per Room | $72,222 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.13 AC |
| Building Size | 29,613 SF |
| No. Rooms | 54 |
| No. Stories | 3 |
| Year Built | 2020 |
| Parking Ratio | 2.94/1,000 SF |
| Corridor | Interior |
| Zoning | C |
Amenities
- Business Center
- Fitness Center
- Pool
- Wheelchair Accessible
- On-Site Retail
- On-Site Bar
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 12 | $126.00 | - |
| Guest Room | 42 | $108.00 | - |
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Property Taxes
| Parcel Number | 000000399414 | Improvements Assessment | $1,971,644 |
| Land Assessment | $500,000 | Total Assessment | $2,471,644 |
Property Taxes
Parcel Number
000000399414
Land Assessment
$500,000
Improvements Assessment
$1,971,644
Total Assessment
$2,471,644
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Cobblestone Hotel & Suites Andrews | 1400 N Us Highway 385
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