713-577-1760
1505 Catalina Dr, Midland, TX for Sale
Hospitality - FOR SALE
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1505 Catalina Dr
Midland, TX 79706


HIGHLIGHTS

  • The hotel delivered an average Net Operating Income (NOI) margin of 31% between 2021 and 2024.
  • The SBS consistently ranked among the top one or two properties in its comp set for RevPAR performance, with an index avg. of 120% between 2021-2024.
  • Located off US-250, the hotel offers convenient access to Midland’s key oil and gas operations, including Chevron Campus, Oxy Permian and others.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

98

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Staybridge Suites Midland

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.01 AC

LAND SF

131,116 SF

ZONING

PDSC

APN/PARCEL ID

R000206-604

ASK ABOUT THIS PROPERTY

Michael YuCBRE, Inc.More Info
713-577-1760

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Michael YuCBRE, Inc.More Info
713-577-1760

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.