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Home2 Suites by Hilton Midland 1401 Catalina Dr 93 Room Hotel Midland, TX 79706 For Sale
Investment Highlights
- The Home2 Suites presents a highly attractive investment opportunity, driven by solid operational performance and a prime location.
- The property has experienced operational headwinds in recent years, including a lack of management continuity due to the absence of a stable GM.
- The hotel offers convenient access to Midland’s key oil and gas operations, including Chevron, Oxy Permian, Schlumberger, and EOG Resources.
Executive Summary
CBRE Hotels is pleased to solicit offers to acquire the fee-simple interest in the Home2 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 93-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 | 58,488 SF |
| Property Type | Hospitality | No. Rooms | 93 |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2013 |
| Lot Size | 2.03 AC | Corridor | Interior |
| Zoning | None | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.03 AC |
| Building Size | 58,488 SF |
| No. Rooms | 93 |
| No. Stories | 4 |
| Year Built | 2013 |
| Corridor | Interior |
| Zoning | None |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Meeting Event Space
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 93 | $259.00 | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | R000206-603 | Improvements Assessment | $9,446,290 |
| Land Assessment | $353,710 | Total Assessment | $9,800,000 |
Property Taxes
Parcel Number
R000206-603
Land Assessment
$353,710
Improvements Assessment
$9,446,290
Total Assessment
$9,800,000
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Home2 Suites by Hilton Midland | 1401 Catalina Dr
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