Listed by HVS
$5,500,000
Wyndham Garden Midland
Details
APN R000028013
Property Type Hospitality
Sub Type Hotel
Square Footage 24,476
Keys 207
Brand/Tenant Wyndham Garden, Wyndham Hotels & Resorts
Price per SqFt $225
Broker Co-Op No
Year Built 1983
Year Renovated 2018
Buildings 1
Stories 3
Acreage 3.700
Investment Type Value Add
Ownership Fee Simple
WELL-PERFORMING HOTEL IN EXPANDING MIDLAND MARKET
Marketing description
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): LINK HERE
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 207-key Wyndham Garden Midland, a full-service hotel asset in Midland, Texas. The property is situated between Downtown Midland and the Midland International Air & Space Port, proximate to other major demand drivers such as the University of Texas Permian Basin (UTPB).
PRICE REDUCTION: $5,500,000
Ownership is motivated to sell the property and has agreed to reduce the price to $5,500,000, or $26,570 per key. Please contact Matthew Omansky for more details.
Investment highlights
Strengthening Revenue Trend
- The hotel’s total gross revenue averaged $2,223,590 over the past three years, supported by strong demand in the Permian Basin region.
- Rooms revenue equated to $2,330,000 (rounded) in 2025, reflecting a 27.5% (rounded) increase over what was earned in 2024.
Robust Historical RevPAR Performance
- RevPAR levels in this Permian Basin market increased year-over-year during the last few years, with the competitive set achieving 20.2% RevPAR growth in 2023, followed by a further 6.2% increase in 2024, and an impressive 12.9% increase in 2025.
- Per the March 2026 STR report, the hotel ranked fourth out of six competitors in terms of RevPAR, registering a 53.4% RevPAR index. A new investor will be able to capitalize on the strong demand trends of the market and revamp yield-management strategies to improve the hotel’s RevPAR index.
Attractive Rooms Revenue Multiplier (RRM): 2.36x
- Based on the $5,500,000 pricing guidance, the deal underwrites to an attractive 2.36x RRM in consideration of the hotel’s 2025 rooms revenue of $2,330,000.
Absentee-Owned Hotel Asset
- The asset is absentee-owned, creating a compelling opportunity for a hands-on buyer to unlock additional upside through improved day-to-day management, operational efficiencies, and enhanced revenue optimization.
Rebranding Opportunities
- Options exist for potential rebranding. Inquire with the representative broker for more information.
Excellent Location Among Strong Demand Generators
- The property benefits from a favorable location between Midland International Air & Space Port and Downtown Midland, near Loop 250 and many major corporate offices.
- The Texas Department of Transportation (TxDOT) is currently working on expanding an eleven-mile stretch of Interstate 20 between Odessa and Midland. The $424-million project includes constructing interchanges and reconstructing frontage roads, which will improve access.
- Strong corporate and energy demand drivers are supported by nearby oil and gas (O&G) operators and regional headquarters in this Permian Basin region.
- The area boasts one of the fastest-growing AI and data-center corridors in the United States, with multiple hyperscale projects underway across West Texas.
Expanding Local Economy
- The oil-and-gas (O&G) industry is supported by companies like Chevron, ExxonMobil, and ConocoPhillips, among others. ExxonMobil has announced plans to invest roughly $140 billion through 2030 across several major projects, primarily in the Permian Basin, to achieve its production goal of one million barrels of oil equivalent per day (BOE/D).
- Increased global demand for natural gas and liquid natural gas (LNG) has resulted in several infrastructure projects, including the Apex Pipeline, the Blackcomb Pipeline, and the Gulf Coast Express Expansion. These projects are aimed at increasing the output in billion cubic feet/day (Bcf/d) to other parts of Texas, with some scheduled to open in 2026.
Listing Contacts
Listed by HVS
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