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PROPERTY DETAILS Last Updated: 1/18/2010
Suburban Extended Stay Hotel
Suburban Extended Stay
Offered By Top ^
NWH Management
Toby Tucker 214-855-0808
Demographic Information Top ^
Address I-20 & Pagewood
City/State Odessa, Texas
Postal Code 79761
Country United States
Region US - Southwest
View Maps
Click Here
General Information Top ^
Franchise Choice Hotels
Property Type Extended Stay
Market Type Interstate
Number Of Rooms 102
Year Built 2009
Terms Of Sale Negotiable
Listing Status Exclusive
Hotel Web Site
Property Description:
New Suburban Extended Stay Hotel in Odessa, TX, the #1 hotel market in Texas with $120+RevPar. This is a fantastic opportunity to own a brand new 102 room Choice flag hotel with occupancy rates expected at over 75%. The extended stay business is booming, especially in this region of West Texas. The current owner/developer has strategically chosen this location after months of research to identify underdeveloped overnight stay markets in Texas. Projected sales revenue on an average case scenario
Location Description:
2 acres with gross building area of just over 47,000 square feet. 102 suites ranging in size from 255-315 square feet. Fully furnished efficient guestrooms, including well equipped kitchens, built-in work stations, 27" TV's with premium cable and free high speed internet connections.
Interior/Exterior Top ^
Lot Acreage 2
Building Sq. Feet 47,000
Banquet Capacity None
Corridor Interior
Performance & Results Top ^
Trailing 12 mo. Prior Year End
Occupancy (%) 75 % %
ADR $65 N/A
REVPAR $49 N/A
Room Revenue $1,810,000 N/A
Total Revenue $1,810,000 N/A
NOI $919,000 N/A
Asking Price (USD) $5,935,000

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