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915 Lamesa Hwy
Big Spring, TX 79720
Best Western Palace Inn & Suites Big Spring · Hospitality Property For Sale
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62 Rooms
PROPERTY FACTS
| Property Type | Hospitality | No. Rooms | 62 |
| Property Subtype | Hotel | No. Stories | 3 |
| Building Class | C | Year Built/Renovated | 2008/2018 |
| Lot Size | 1.96 AC | Parking Ratio | 1.6/1,000 SF |
| Building Size | 39,471 SF | Corridor | Interior |
| Zoning | F1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.96 AC |
| Building Size | 39,471 SF |
| No. Rooms | 62 |
| No. Stories | 3 |
| Year Built/Renovated | 2008/2018 |
| Parking Ratio | 1.6/1,000 SF |
| Corridor | Interior |
| Zoning | F1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
- Hot Tub
- Fully-Equipped Kitchen
ABOUT 915 LAMESA HWY , BIG SPRING, TX 79720
Property Overview: Best Western Palace Inn & Suites Big Spring is a 62-unit, midscale, limited-service hotel. This property was constructed in 2008 and is a three-story hotel with rooms offering multiple guest features. Common amenities include an indoor pool, fitness center, and business center. Guest rooms come equipped with refrigerators, microwaves, and sofa beds are available in suites. Location Overview: Big Spring, Texas is a city in Howard County and located at the crossroads of northwest Texas with a diverse and varied economy. The Best Western Palace Inn & Suites Big Spring is located at 915 Lamesa Highway near a major thoroughfare that intersects Highway 87 and Interstate 20. The region is dedicated to upgrading and developing the area, and the Big Spring EDC has currently invested $7.3 million and 3.4 miles of new railroad track (3.7 miles) and upgrades. The new short line provides transload services to existing customers on the airpark. The Big Spring EDC targets five industries which include oil and gas energy, transportation and distribution, agriculture, renewable energy, and healthcare. The city is home to one of the largest inland refineries (2.9 miles) in the United States and is a hub for oil and gas processing and distribution. With being the "Crossroad of West Texas" located in the Ports-to-Plains Corridor linking Mexico with Canada, a major transportation route for goods and services manufactured or grown in the Midwest and distributed worldwide. The city also is seated in the Permian Basin which is among the largest producers of oil and natural gas, and with approximately 2.2 million net acres, Chevron is one of the Permian Basin’s largest net acreage holders. Currently, there are 493 operating rigs in the basin, and an increase of 96 rigs year-to-date. Furthermore, Big Spring is a center for health care including a 150-bed private hospital serving the general public to a Department of Veterans Affairs Medical Center (2.3 miles), a State mental health facility and a Texas State Veterans Home.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 12 | $129.00 | - |
| Guest Room | 50 | $104.00 | - |
PROPERTY TAXES
| Parcel Number | 277192 | Improvements Assessment | $3,065,615 |
| Land Assessment | $426,890 | Total Assessment | $3,492,505 |
PROPERTY TAXES
