Midland/Odessa Extended Stay Portfolio
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Midland/Odessa Extended Stay Portfolio
3 Hospitality Properties Offered at $5,750,000 in Midland, TX
Investment Highlights
- Possible owner financing
- All underperforming their comp set & could benefits from operational management/strong revenue
- Ideally suited for workforce or temporary housing
- Kitchenettes in all properties
Executive Summary
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.
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 Facts
| Price | $5,750,000 | Number of Properties | 3 |
| Price / SF | $68.00 / SF | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Building Size | 84,562 SF |
| Status | Active | Total Land Area | 9.31 AC |
| Price | $5,750,000 |
| Price / SF | $68.00 / SF |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 84,562 SF |
| Total Land Area | 9.31 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Midland Extended Stay
3610 Bankhead Hwy, Midland, TX 79701 |
Hospitality | 29,250 SF | 2009 | - |
|
OYO Hotel Midland
1003 S Midkiff Rd, Midland, TX 79701 |
Hospitality | 22,000 SF | 1974 | - |
|
Midland Extended Stay
1007 S Midkiff Rd, Midland, TX 79701 |
Hospitality | 33,312 SF | 1974 | - |
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Bert Stevens -
HotelBrokerOne
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Midland/Odessa Extended Stay Portfolio
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