Rodeway Inn Midland

Description:

Ri Marketplace Online Auction August 11-13, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2611/rodeway-inn-midland?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=hospitality_2611

Marcus & Millichap’s National Hospitality Division, in conjunction with Real Insight Marketplace, is pleased to present the Rodeway Inn Midland—an 84-room, exterior-corridor hospitality asset located at 1000 S. Midkiff Road in Midland, Texas—for sale via auction from August 11–13. Positioned directly off Interstate 20, the hotel enjoys excellent accessibility, with over 21,000 vehicles in average annual daily traffic and proximity to key regional and national transit corridors.

The Rodeway Inn Midland includes a range of amenities designed to accommodate both short-term and extended-stay guests, including a breakfast area, vending machines, ice maker, and expansive guest parking. The property also features 1,000 square feet of on-site owner’s quarters with one bedroom and a living room. Following a temporary operational closure from April to December 2023, the Hotel was rebranded as a Rodeway Inn under the Wyndham flag in October 2024, positioning it for renewed market traction.

Midland anchors one of the most productive energy regions in the world—the Permian Basin—and is widely regarded as the engine of the U.S. oil and gas industry. The city supports a thriving business travel ecosystem with corporate demand driven by major energy firms including Coterra Energy, Chevron, Occidental Petroleum, ConocoPhillips, ExxonMobil, and Pioneer Natural Resources, all located within a 5-mile radius of the property. These companies maintain large corporate and industrial campuses that fuel sustained occupancy and extended-stay demand.

Midland's diverse economic base also includes strong healthcare and education sectors. Midland Memorial Hospital (1.8 miles), a 474-bed acute care facility, serves as the regional medical anchor, attracting a steady stream of patients, providers, and specialists. Educational institutions such as Midland College (4.5 miles) and The University of Texas Permian Basin (14.9 miles) generate consistent room nights through student-related visitation, faculty events, and academic conferences.

The city is centrally located between major urban centers—330 miles west of Dallas-Fort Worth, 300 miles southeast of El Paso, and 140 miles south of Lubbock—offering unmatched regional connectivity via Interstate 20, U.S. Highway 385, and State Highway 158. Additionally, Midland International Air & Space Port, just 9 miles from downtown, provides direct air service to key domestic markets.

Market fundamentals remain strong. As of December 2024, the Midland & Odessa Hotel Submarket reported 12-month RevPAR growth of over 6.7%, reflecting a stable, growth-oriented hospitality environment. This asset offers investors a rare opportunity to acquire a well-located hotel with significant upside potential through operational rebranding, revenue management, and capital repositioning.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 10344

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