5001 Highway 80Odessa, TX 79761

This fee-simple, 122-key La Quinta Inn by Wyndham hotel in Odessa, Texas, is offered at $6,000,000 ($49,180 per key). Built in 1981, this two-story, mixed-corridor property sits on a 3.93-acre lot at 5001 W Hwy 80 E, boasting high visibility and easy access to East Business Interstate 20, with an average daily traffic count of approximately 19,000 vehicles. The hotel is conveniently located less than 10 miles from Midland International Airport. Amenities include an outdoor pool, business center, breakfast area, outdoor barbecue grill, on-site guest laundry, and a sundry shop. Recent capital expenditures totaling $230,000 have enhanced key areas of the hotel, and partial room renovations are nearing completion with furniture, fixtures, and equipment already on-site. The hotel achieved a 108 percent RevPAR (RGI) Index in the trailing twelve months ending May 2024. Odessa's robust economy, driven by the energy sector and supported by major employers like Halliburton, Liberty Oilfield Services, and Saulsbury Industries, fuels strong demand for lodging. The hotel's proximity to attractions such as the West Texas Event Center, Stonehenge Replica, and Music City Mall further enhances its appeal. This investment presents a compelling opportunity for long-term value and profitability.