920 I-20 Midland, TX 79701
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.