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Baymont by Wyndham Odessa University Area 3023 E Hwy 80 75 Room Hotel Odessa, TX 79761 $4,400,000 ($58,667/Room)
INVESTMENT HIGHLIGHTS
- Per the December 2024 STR report, the hotel ranked third out of five competitors in terms of RevPAR, registering a 131.2% RevPAR index.
- The hotel was recently converted to a Baymont by Wyndham in 2023; thus, a minor change-of-ownership property improvement plan (PIP) is expected.
- The region has strong oil-and-gas (O&G) presence from companies such as Chevron, ExxonMobil, ConocoPhillips, and others.
- A new investor will be able to capitalize on the strong demand trends of the market.
- Odessa Development Corporation (ODC) approved a 150-acre, mixed-use development near the hotel, expected to open in the spring of 2025.
- Ecopetrol & Occidental Petroleum announced plans to invest over $880M in 2025 to drill approximately 90 wells in the Midland and Delaware sub-basins.
EXECUTIVE SUMMARY
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=144749
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 75-key Baymont by Wyndham Odessa - University Area, a limited-service hotel asset in Odessa, Texas. This strong-performing hotel asset benefits from its proximity to University of Texas Permian Basin (UTPB), Midland International Air & Space Port, and Downtown Odessa.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 75-key Baymont by Wyndham Odessa - University Area, a limited-service hotel asset in Odessa, Texas. This strong-performing hotel asset benefits from its proximity to University of Texas Permian Basin (UTPB), Midland International Air & Space Port, and Downtown Odessa.
PROPERTY FACTS
| Price | $4,400,000 | Building Size | 24,375 SF |
| Price Per Room | $58,667 | No. Rooms | 75 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1980/2023 |
| Property Subtype | Hotel | Parking Ratio | 1.3/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.20 AC | Zoning | EF7 - Commerical |
| Price | $4,400,000 |
| Price Per Room | $58,667 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 24,375 SF |
| No. Rooms | 75 |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2023 |
| Parking Ratio | 1.3/1,000 SF |
| Corridor | Exterior |
| Zoning | EF7 - Commerical |
AMENITIES
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 5 | $111.00 | - |
| Guest Room | 70 | $91.00 | - |
PROPERTY TAXES
| Parcel Number | 10700-00160-00000 | Improvements Assessment | $1,952,639 |
| Land Assessment | $242,603 | Total Assessment | $2,195,242 |
PROPERTY TAXES
Parcel Number
10700-00160-00000
Land Assessment
$242,603
Improvements Assessment
$1,952,639
Total Assessment
$2,195,242
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Baymont by Wyndham Odessa University Area | 3023 E Hwy 80
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