713-577-1760
1505 Catalina Dr, Midland, TX for Sale
Hospitality - FOR SALE
1/1
null | Request Cap Rate

1505 Catalina Dr
Midland, TX 79706


HIGHLIGHTS

  • The property has shown consistent cash flow, underpinned by continued RevPAR growth over recent years.
  • 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%.
  • As the core of the Permian Basin, Midland is one of the most oil-price-responsive lodging markets in the U.S.

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

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

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

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