Vacation Inn Odessa, TX Listed For Sale

CBRE Resorts is soliciting gives to amass the fee-simple curiosity within the Vacation Inn in Odessa, Texas. The property is situated solely 11 miles from Midland Worldwide Airport, simply throughout the road from the College of Texas Permian Basin and several other restaurant and recreation space. Because of its prime location, the 102-room lodge receives enterprise from a various inhabitants of each enterprise and leisure segments in Odessa-Midland space.

• Growing Room Income Development – The Vacation Inn has demonstrated constantly growing income pattern with Room Income and RevPAR within the first eight months of 2024 exceeding the identical interval in 2023 by 14%.
• Sturdy Working Efficiency – The Vacation Inn Odessa presents a compelling alternative with sturdy operational efficiency in a dynamic market. With an NOI of 26.6% as of July 2024 trailing twelve month interval, the lodge gives steady money movement potential.
• Rising and Diversified Economic system – Odessa is a dynamic metropolis on the coronary heart of the Permian Basin, famend for its pivotal function within the oil and gasoline business. This financial powerhouse considerably contributes to the nation’s vitality independence, with main corporations like Occidental Petroleum investing in modern tasks right here. Odessa’s strategic location, sturdy infrastructure, and entry to larger training establishments just like the College of Texas Permian Basin foster a thriving enterprise setting. Town’s financial development is additional bolstered by numerous industries, together with expertise, logistics, and manufacturing, making Odessa a key participant in each regional and nationwide financial improvement.
• Various Demand Drivers – The lodge is in proximity to a number of corporates, sights and schools; together with Saulsbury Ventures, PB Supplies Company, Cudd Power Companies, Rextac, Schlemeyer Discipline Airport, Odessa Regional Medical Middle, Ellen Noël Artwork Museum, Ratliff Ranch Golf Hyperlinks, and Odessa School. It’s also inside a brief distance to Music Metropolis Mall, and throughout the road from the College of Texas Permian Basin.
• The Permian Basin – America’s Power Powerhouse – The Permian Basin, spanning southwestern Texas and southeastern New Mexico, is a key participant in America’s vitality sector. Recognized for its huge oil and gasoline reserves, it contributes practically 40% of the nation’s oil and 15% of its pure gasoline. Cities like Midland and Odessa are central to its operations, driving the U.S. in direction of vitality independence and financial development. Because the nation shifts to renewable vitality, Odessa stays a hub of alternative.

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