3023 E Hwy 80 | Odessa, TX 79761
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3023 E Hwy 80
Odessa, TX 79761
Baymont by Wyndham Odessa University Area · Hospitality Property For Sale
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24,375 SF
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.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1980/2023 |
| Building Class | C | Parking Ratio | 1.3/1,000 SF |
| Lot Size | 1.20 AC | Corridor | Exterior |
| Building Size | 24,375 SF | ||
| Zoning | EF7 - Commerical | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.20 AC |
| Building Size | 24,375 SF |
| 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
PROPERTY TAXES
| Parcel Number | 10700-00160-00000 | Improvements Assessment | $2,834,530 |
| Land Assessment | $242,603 | Total Assessment | $3,077,133 |
PROPERTY TAXES
Parcel Number
10700-00160-00000
Land Assessment
$242,603
Improvements Assessment
$2,834,530
Total Assessment
$3,077,133
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