713-577-1760
3023 E Hwy 80, Odessa, TX for Sale
Hospitality - FOR SALE
1/22
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3023 E Hwy 80
Odessa, TX 79761


HIGHLIGHTS

  • Property underwent a renovation in 2024. Property is priced significantly below replacement costs.
  • Near major employers, the airport, hospitals, retail, and attractions, including Odessa College, Music City Mall, and UT Permian Basin.
  • The property is currently using 2 guest rooms as an owner’s quarters.
  • Hotel room demand in this market has shown strong double-digit growth over the past two years and is expected to reach or exceed prior peak levels.
  • Odessa is a dynamic city at the heart of the Permian Basin, renowned for its pivotal role in the oil and gas industry.

OVERVIEW

CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the Baymont in Odessa, Texas. The property is located off Interstate 20, only nine miles from Midland International Air & Space Port (MAF), two miles from the University of Texas Permian Basin, one mile from the annual Permian Basin International Oil Show, and several restaurant and recreation area. Thanks to its prime location, the 75-room hotel receives business from a diverse population of both business and leisure segments in Odessa-Midland area.

FOR SALE DETAILS

PRICE

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# OF ROOMS

75

CAP RATE

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SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Baymont by Wyndham Odessa University Area

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

102

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,119 SF

ZONING

EF7

APN/PARCEL ID

10700-00160-00000

ASK ABOUT THIS PROPERTY

Michael YuJTB Real Estate LLCMore Info
713-577-1760

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Michael YuJTB Real Estate LLCMore Info
713-577-1760

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.