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Staybridge Suites Midland 1505 Catalina Dr 98 Room Hotel Midland, TX 79706 For Sale
Investment Highlights
- The property has shown consistent cash flow, underpinned by continued RevPAR growth over recent years.
- As the core of the Permian Basin, Midland is one of the most oil-price-responsive lodging markets in the U.S.
- The SBS consistently ranked among the top one or two properties in its comp set for RevPAR performance, achieving an average index of approx. 120%.
Executive Summary
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the Staybridge Suites in Midland, Texas. The property is ideally situated off US-250, just minutes away from Chevron Campus, Oxy Permian, Schlumberger, EOG Resources, Scharbauer Sports Complex, and numerous restaurants and recreational areas. Thanks to this prime location, the 98-room hotel receives business from a diverse population of both corporate and leisure travelers in the Odessa-Midland area.
Property Facts
| Sale Type | Investment | Building Size | 81,916 SF |
| Property Type | Hospitality | No. Rooms | 98 |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2015 |
| Lot Size | 3.01 AC | Corridor | Interior |
| Zoning | PDSC | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.01 AC |
| Building Size | 81,916 SF |
| No. Rooms | 98 |
| No. Stories | 4 |
| Year Built | 2015 |
| Corridor | Interior |
| Zoning | PDSC |
Amenities
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- Meeting Event Space
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 98 | $200.04 CAD | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | R000206-604 | Improvements Assessment | $16,636,142 CAD |
| Land Assessment | $728,858 CAD | Total Assessment | $17,365,000 CAD |
Property Taxes
Parcel Number
R000206-604
Land Assessment
$728,858 CAD
Improvements Assessment
$16,636,142 CAD
Total Assessment
$17,365,000 CAD
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Staybridge Suites Midland | 1505 Catalina Dr
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