CLICK HERE: Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace: Auction Dates: October 27 - October 29, 2025 - Starting Bid: $500,000
- Strategic Location & Access – Located in Midland, TX, with direct access to Interstate 20, U.S. Highway 385, and State Highway 158. Midland International Air & Space Port (9 miles) ensures regional and national connectivity.
- Energy Industry Hub – Home to Chevron Midcontinent Headquarters, Occidental Petroleum, Diamondback Energy, ConocoPhillips, ExxonMobil, Pioneer Natural Resources, and Endeavor Energy Resources, driving consistent corporate lodging demand.
- Healthcare Demand – Midland Memorial Hospital (474 beds) specializes in cardiology, orthopedics, oncology, and trauma care, with additional surgery centers and specialty hospitals.
- Higher Education Impact – Midland College (5,000+ students) and The University of Texas Permian Basin (7,000+ students) generate lodging demand from students, faculty, and visitors.
- Corporate & Travel Infrastructure – Key employers like Coterra Energy, Chevron, and ConocoPhillips and Midland International Air & Space Port sustain business travel demand.
- Long-Term Growth – Midland’s strong energy sector, employment base, and infrastructure support continued hotel revenue growth.
- Climbing Submarket RevPar - As of December 2024, the 12-month average RevPAR in the Midland & Odessa Hotel Submarket increased by over 6.7 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market.
INVESTMENT OVERVIEW
Marcus & Millichap presents an exclusive investment opportunity for the Rodeway Inn Midland, an 84-room exterior-corridor hotel at 1000 S. Midkiff Rd, Midland, Texas. The property offers excellent accessibility just off Interstate 20, with over 21,000 vehicles in average annual daily traffic. As part of the Midland Metropolitan Statistical Area (MSA), the hotel is positioned within one of the most dynamic and productive energy markets in the world. The Midland MSA serves as a hub for the Permian Basin, driving sustained economic growth and attracting a consistent influx of business travelers and professionals. Amenities include a breakfast area, ice maker, vending machine, and ample parking. The property includes 1,000 sq. ft. owner’s quarters, with one bedroom and living room area.
The Rodeway Inn Midland is a strategically located hospitality asset in the Midland, TX Metropolitan Statistical Area (MSA), a key economic hub in West Texas. The Midland MSA is a major driver of the U.S. energy sector, anchored by the Permian Basin, one of the world's most prolific oil and gas-producing regions. The city’s economic landscape is bolstered by a strong corporate presence, a growing healthcare sector, and expanding higher education institutions, ensuring long-term lodging demand for both business and leisure travelers.
As of December 2024, the 12-month average RevPAR in the Midland & Odessa Hotel Submarket increased by over 6.7 percent, indicating robust growth and a lower-risk environment, boosting investor confidence in the asset and thriving market.
Strategic Location & Connectivity: Midland is centrally positioned between major metropolitan areas, providing seamless regional and national access. The city is approximately 330 miles west of Dallas-Fort Worth, 300 miles southeast of El Paso, and 140 miles south of Lubbock. The region benefits from excellent highway infrastructure, including Interstate 20, U.S. Highway 385, and State Highway 158, facilitating business travel and commercial activity. Midland International Air & Space Port, located just 9 miles from downtown, serves as a critical transportation hub, offering direct flights to major business centers across the country.
Major Employers & Economic Drivers: Midland is home to some of the largest energy companies in the world, making it a prime location for corporate travel and extended-stay lodging. Key employers fueling economic growth and hotel demand include Coterra Energy (4.1 miles), Chevron Midcontinent Headquarters Campus – (4.2 miles), Occidental Petroleum (4 miles), Diamondback Energy (2.6 miles), ConocoPhillips (2.8 miles), ExxonMobil (4 miles), Pioneer Natural Resources (5.2 miles), Endeavor Energy Resources. These companies occupy thousands of acres in corporate and industrial campuses, ensuring a steady flow of business travelers requiring accommodations.
Healthcare Infrastructure & Medical Demand: Midland’s healthcare sector is anchored by Midland Memorial Hospital (1.8 miles), a 474-bed acute care facility specializing in cardiology, orthopedics, oncology, and trauma care. As the largest medical provider in the region, it attracts patients, medical professionals, and visiting specialists, driving consistent hotel demand. Additional medical facilities, including surgery centers and specialty hospitals, further enhance the city’s healthcare-driven hospitality needs.
Higher Education & Academic Influence: Midland is home to key higher education institutions that contribute to workforce development and hotel demand. Midland College (4.5 miles), a comprehensive community college, serves over 5,000 students annually, offering programs in nursing, petroleum technology, and business administration. Additionally, The University of Texas Permian Basin (UTPB) (14.9 miles), enrolls more than 7,000 students, offering degree programs in engineering, business, energy management, and healthcare fields. These institutions generate lodging demand from students, faculty, visiting academics, and conference attendees.
