117 W Wall St | Midland, TX 79701
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117 W Wall St
Midland, TX 79701
Auction - Lender Driven Sale - DoubleTree · Hospitality Property For Sale
·
196,556 SF
INVESTMENT HIGHLIGHTS
- Auction Site: https://rimarketplace.com/auction/2052/lender-driven-sale-doubletree-midland-tx-262-rooms-7.2m-room-revenue-2.37m-noi?utm_source=costar
- Amenities include On-Site Restaurant, Bar, Lounge, 10,000 SF Event Space
- New 15-Year DoubleTree Hotels License Expected After PIP
- 262-Room, Upscale Hilton-Branded Hotel
- Excellent Investment Opportunity with $7.2M Room Revenue and $2.37M NOI
- Prime Downtown Location with Easy Access to Market Demand Generators
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 196,556 SF |
| Property Subtype | Hotel | No. Stories | 11 |
| Building Class | B | Year Built/Renovated | 1974/2012 |
| Lot Size | 0.96 AC | Corridor | Interior |
| Zoning | C1 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.96 AC |
| Building Size | 196,556 SF |
| No. Stories | 11 |
| Year Built/Renovated | 1974/2012 |
| Corridor | Interior |
| Zoning | C1 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- Room Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Meeting Event Space
- Wedding Venue
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | R000035-385 | Improvements Assessment | $25,947,500 |
| Land Assessment | $52,500 | Total Assessment | $26,000,000 |
PROPERTY TAXES
Parcel Number
R000035-385
Land Assessment
$52,500
Improvements Assessment
$25,947,500
Total Assessment
$26,000,000
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