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4101 Parks Legado Rd
Odessa, TX 79765
Baymont Inn & Suites Odessa · Hospitality Property For Sale · 34,068 SF
Investment Highlights
- Outperforming it's Competitive Set
- 71 Rooms Make This Property Easy to Maintain
- Small PIP
PROPERTY FACTS
| Property Type | Hospitality | Number of Floors | 3 |
| Property Subtype | Hotel | Year Built | 2014 |
| Building Class | B | Parking Ratio | 2.14/1,000 SF |
| Lot Size | 2.41 AC | Corridor | Interior |
| Building Size | 34,068 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.41 AC |
| Building Size | 34,068 SF |
| Number of Floors | 3 |
| Year Built | 2014 |
| Parking Ratio | 2.14/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- High Speed Internet Access
- Meeting Event Space
- Public Access Wi-Fi
- Smoke-Free
About 4101 Parks Legado Rd , Odessa, TX 79765
The story behind the Baymont is simple, it is outperforming it's competitive set incredibly. The Baymont Inn and Suites are performing 27% higher in occupancy YTD in comparison to its competitive set while keeping the hotel in mint condition. A new owner/operator will need to complete a minimal PIP but is not required to complete any extensive work. A new owner/operator will have the ability to purchase the hotel with an affordable down payment, complete the PIP quickly, and benefit from the busier months where occupancy is 90% and higher. Once the PIP is completed, the Baymont Inn and Suites will be the most renovated property. The hotel is profitable NOW, after room renovations its will be even more profitable. Currently, Baymont's YTD ADR is $20 below the competitive set and a new owner will be able to raise ADR to further drive sales.
PROPERTY TAXES
| Parcel Number | 17347-00208-00000 | Improvements Assessment | £2,562,382 |
| Land Assessment | £464,474 | Total Assessment | £3,026,856 |
PROPERTY TAXES
zoning
| Zoning Code | CB-2 |
| CB-2 |
