Andrew Frosch 2816845653
Matthew Omansky 5128429211
Eric Guerrero 7139550012
Innara Panjwani 7139550104

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.

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