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Baymont by Wyndham Odessa University Area 3023 E Hwy 80 75 Room Hotel Odessa, TX 79761 For Sale
Investment Highlights
- Property underwent a renovation in 2024. Property is priced significantly below replacement costs.
- The property is currently using 2 guest rooms as an owner’s quarters.
- Odessa is a dynamic city at the heart of the Permian Basin, renowned for its pivotal role in the oil and gas industry.
- Near major employers, the airport, hospitals, retail, and attractions, including Odessa College, Music City Mall, and UT Permian Basin.
- 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.
Executive Summary
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.
Property Facts
| Sale Type | Investment | No. Rooms | 75 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1980/2022 |
| 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 | ||
| 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 | 1980/2022 |
| Parking Ratio | 1.3/1,000 SF |
| Corridor | Exterior |
| Zoning | EF7 - Commerical |
Amenities
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 5 | $111.00 | - |
| Guest Room | 70 | $91.00 | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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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Baymont by Wyndham Odessa University Area | 3023 E Hwy 80
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