Microtel Hotel with 82
For Sale
Contact for pricing
200 W Longview Ave, Midland, TX 79701
Three-story lodging property with business, fitness, breakfast, and laundry facilities near Interstate 20.
Property SizeContact for details
Days on Market144
Property Features for 200 W Longview Ave
General Information
Standard status
Active
Property subtype
Hospitality
Additional Details
Asking Price
$5,750,000
Highway Access
Yes
Amenities
business center
fitness center
breakfast area
guest laundry facility
Building Details
Buildings
1
Stories
3
Listing Agency:
HVS
(972) 755-5302
Listed By:
Matt Omansky · License #TX 667904
Source:
Crexi
Added: Apr 11
Changed: Aug 31
Last Checked: Aug 29 at 2:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HVS
Investment Insights
Based on property information with market context.
The Wyndham-branded Microtel Inn & Suites by Wyndham Midland is an 82-room, three-story hotel at 200 W Longview Avenue. Guest-oriented common areas include a business center, fitness center, breakfast area, and laundry facility, providing a defined amenity package within the existing lodging operation.
The property is positioned just off Interstate 20 in Midland, Texas, approximately 10 miles from Midland International Air and Space Port. Midland serves as the principal city of the Midland Metropolitan Statistical Area and the larger Midland-Odessa Combined Statistical Area. The regional economy is supported by the Permian Basin energy sector, with more than 20 energy companies headquartered in Midland or located within 10 miles of the city.
For the trailing twelve-month period ending in March 2023, the hotel reported a 13.1% net operating income margin after a 4% capital replacement reserve. The Midland & Odessa hotel submarket recorded 21.6% year-over-year RevPAR growth as of January, compared with 10.6% for the broader Texas West market.
The property is positioned just off Interstate 20 in Midland, Texas, approximately 10 miles from Midland International Air and Space Port. Midland serves as the principal city of the Midland Metropolitan Statistical Area and the larger Midland-Odessa Combined Statistical Area. The regional economy is supported by the Permian Basin energy sector, with more than 20 energy companies headquartered in Midland or located within 10 miles of the city.
For the trailing twelve-month period ending in March 2023, the hotel reported a 13.1% net operating income margin after a 4% capital replacement reserve. The Midland & Odessa hotel submarket recorded 21.6% year-over-year RevPAR growth as of January, compared with 10.6% for the broader Texas West market.
Key Highlights
- 82‑room, three‑story Wyndham‑branded hotel
- Business center, fitness center, breakfast area, and guest laundry facility
- Located at 200 W Longview Avenue in Midland, Texas
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
Business Placement
Demographics for 79701, TX
29,748
Population
11,393
Households
2.6
Avg Household Size
33
Median Age
19%
College-Educated
73%
High-School Grad
12.1 sq mi
ZIP Area
2,459
Density / Sq Mi
$57,679
Median Household Income
$36,213
Median Earnings
$1,336
Median Rent
$204,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - Three-story lodging property with business, fitness, breakfast, and laundry facilities near Interstate 20.
Where is this hotel located?
The property is located at 200 W Longview Ave Midland, TX.
What are key features of this property?
This property features: 82‑room, three‑story Wyndham‑branded hotel; Business center, fitness center, breakfast area, and guest laundry facility; Located at 200 W Longview Avenue in Midland, Texas
