Baymont by Wyndham Odessa College Space Resort in Texas Listed for Sale

HVS Brokerage & Advisory lists an funding alternative to amass the 75-key Baymont by Wyndham Odessa—College Space, a resort asset performing strongly in Texas. The property is strategically situated close to the College of Texas Permian Basin, Midland Worldwide Air & House Port, and Downtown Odessa.

HVS Brokerage & Advisory, performing because the unique advisory agency to the possession, presents this acquisition alternative. The resort, situated close to the College of Texas Permian Basin (UTPB), Midland Worldwide Air & House Port, and Downtown Odessa, has been demonstrating strong efficiency, largely on account of its strategic location.

The monetary assertion from the year-end December 2024 confirmed a gross working revenue (GOP) of 40.3%, with a internet working revenue (NOI) flow-through of roughly $338,000. The resort’s operations may very well be restructured to maximise Income per Obtainable Room (RevPAR) penetration and NOI flow-through, suggesting potential profitability for a hands-on operator.

Traditionally, the resort has exhibited robust RevPAR efficiency. RevPAR ranges within the Permian Basin market have grown over the previous 4 years, with 25.0% progress in 2022, adopted by a big 35.0% enhance in 2023. As per the December 2024 STR report, the resort ranked third out of 5 opponents in RevPAR, registering a 131.2% RevPAR index. This robust market demand pattern presents a profitable alternative for a brand new investor.

The resort was transformed to a Baymont by Wyndham in 2023, implying {that a} minimal change-of-ownership property enchancment plan (PIP) is anticipated. The property’s wonderful visibility and accessibility off the frontage street alongside Enterprise Loop I-20 (East Freeway 80) are vital benefits. Its proximity to quite a few eating, retail, and leisure choices appeals to enterprise and transient company all yr spherical.

The native financial system is increasing, with a robust presence of oil and fuel corporations comparable to Chevron, ExxonMobil, ConocoPhillips, and others. ExxonMobil plans to take a position roughly $140 billion by 2030 throughout main initiatives, primarily within the Permian Basin, concentrating on a manufacturing aim of 1 million barrels of oil equal per day (BOE/D) by year-end 2025.

Furthermore, the resort is being provided free and away from any administration encumbrances, offering an investor with the pliability to revamp the present operator’s operational methods. This permits extra hands-on operators to use the resort’s potential totally.

Inquire at HVS.