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Property profile

920 I-20 Midland, TX 79701

OFF-MARKET
Hospitality properties
2.4 ac lot Built 2008
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Property summary

AI-generated overview

This exceptional 66-key hotel, the Red Roof Inn & Suites Midland, presents a lucrative investment opportunity. Located at 920 I-20 in Midland, Texas, 79701, this three-story, 2.4-acre property boasts convenient access to major roadways, including Interstate 20 and TX-349. Built in 2008, the hotel enjoys a prime location near downtown Midland, the Bush Convention Center, Museum of the Southwest, and Midland Park Mall, ensuring consistent guest traffic. Amenities include free Wi-Fi, a seasonal outdoor pool (operational May-August), a fitness center, guest coin laundry, and complimentary coffee in the lobby. Each guest room is equipped with a microwave and mini-refrigerator. The hotel is pet-friendly, catering to a broader range of travelers. The asking price for this established and well-maintained property is $4,452,000. This represents a significant opportunity to acquire a profitable hospitality asset in a thriving Texas market. The property's strong location and desirable amenities position it for continued success and potential for increased revenue generation. This turnkey operation offers immediate income potential and a solid foundation for future growth.

Property profile

Verified
Property type Hospitality properties
Year built 2008
Lot 2.4 ac (104,544 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

920 I-20 Midland, TX 79701
Midland metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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