920 I-20Midland, TX 79701

Property Details for 920 I-20

Year built

2008

Lot size

2.40 AC

Property type

Hospitality properties

Property subtype

Hotels

Description

This exceptional 66-key hotel, the Red Roof Inn & Suites Midland, presents a lucrative investment opportunity. Located at 920 I-20 in Midland, Texas, 79701, this three-story, 2.4-acre property boasts convenient access to major roadways, including Interstate 20 and TX-349. Built in 2008, the hotel enjoys a prime location near downtown Midland, the Bush Convention Center, Museum of the Southwest, and Midland Park Mall, ensuring consistent guest traffic. Amenities include free Wi-Fi, a seasonal outdoor pool (operational May-August), a fitness center, guest coin laundry, and complimentary coffee in the lobby. Each guest room is equipped with a microwave and mini-refrigerator. The hotel is pet-friendly, catering to a broader range of travelers. The asking price for this established and well-maintained property is $4,452,000. This represents a significant opportunity to acquire a profitable hospitality asset in a thriving Texas market. The property's strong location and desirable amenities position it for continued success and potential for increased revenue generation. This turnkey operation offers immediate income potential and a solid foundation for future growth.

Location Insight

City

Midland

County

Midland

State

Texas

Latitude

31.9731

Longitude

-102.078

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