OM West Texas Inn & Suites
1000 W Interstate 20,
Midland, TX 79701
 
$2,850,000
Price
$386,823
NOI
13.57%
Cap Rate
3.10
RRM
97
Total Rooms
$29,381
Price Per Key
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$2,850,000
Price
$386,823
NOI
13.57%
Cap Rate
3.10
RRM
97
Total Rooms
$29,381
Price Per Key
Sudhir “Sid” Tewari & Sheil Stampwala of T&S Hotel Advisors are pleased to present for sale the West Texas Inn. This 97-unit, two-story, exterior corridor hotel is located off the I-20 and the 349 Hwy in Midland, Texas. Amenities include family-size rooms, sitting area in each room, continental breakfast, and an outdoor pool.
This property is currently under absentee ownership and would benefit from rebranding. The hotel would be an ideal investment for an owner operator.
West Texas Inn & Suites is in a prime location for plenty of activities. Activities can be reached by a short distance by car or walking distance depending on the activity of choice.
Only 2.1 miles away from the hotel lies Downtown Midland. The downtown area has plenty of dining options which include local eateries that feature Mexican, American cuisine, Ice Cream and Gelato, Bars, Food trucks, along with Breakfast and Brunch spots.
Midland is in the top 10 of the fastest-growing midsize cities in the United States for 2023. One of the reasons is due to the oil and gas industry along with a young and talented population in the industries there. It is estimated the city should continue to see future growth in the future due to how strong the local economy is in the area.
Within Midland, there is a rich history. Some of the sites that tourists can view are the museums which include Military, Petroleum, along with former President George W. Bush's childhood home. Other attractions to Midland include minor league professional teams, along with theaters throughout the city.
Though the oil and gas industries are mostly in Midland, other employers include: Midland Independent School District Warren Equipment Companies Midland Memorial Hospital and Medical Center Dawson Geophysical Midland College City of Midland Patterson Drilling UTI AT&T Wireless Midland County Key Energy Services
FOR MORE DETAILS CONTACT
Sheil Stampwala
Managing Director
(714) 242-8291
sheil@tshoteladvisors.com
CA 01859094
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