Property Overview
The Portfolio includes three flagged hotels located in the Midland/Odessa Texas market.
With significant potential upside and possible owner financing for a qualified owner, this portfolio represents a unique opportunity to enter the financial and trade center for the vast Permian Basin, with growing aerospace and distribution industries.
Hotels included in the portfolio:
ABVI Midland
Midland Extended Stay (currently closed)
OYO Midland
All hotels have kitchenettes and would be ideally suited for workforce or temporary housing. All three hotels are under performing their competitive set and could benefit from strong revenue and operational management.
Please do not visit the properties without an appointment. Contact Bert Stevens for more information.
Property Highlights
| Asking Price | $5,750,000 |
| Location | Off I-20 |
| Property Description | Limited Service |
| Number of Rooms | 246 |
| Major Source of Business | Business, Oil & Gas, Traveler, Transient, University, Corporate & Retail |
| Site Size | +/- 3.63 Acres |
| Year Built |
2009 |
| Common Area Amenities | Breakfast area, kitchenette, business center, guest coin laundry & free WiFi |