1505 Catalina Dr | Midland, TX 79706
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1505 Catalina Dr
Midland, TX 79706
Staybridge Suites Midland · Hospitality Property For Sale
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81,916 SF
INVESTMENT HIGHLIGHTS
- The hotel delivered an average Net Operating Income (NOI) margin of 31% between 2021 and 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.
- 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.
PROPERTY FACTS
| Property Type | Hospitality | Building Size | 81,916 SF |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2015 |
| Lot Size | 3.01 AC | Corridor | Interior |
| Zoning | PDSC | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.01 AC |
| Building Size | 81,916 SF |
| No. Stories | 4 |
| Year Built | 2015 |
| Corridor | Interior |
| Zoning | PDSC |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- Meeting Event Space
- Fully-Equipped Kitchen
PROPERTY TAXES
| Parcel Number | R000206-604 | Improvements Assessment | $11,975,340 |
| Land Assessment | $524,660 | Total Assessment | $12,500,000 |
PROPERTY TAXES
Parcel Number
R000206-604
Land Assessment
$524,660
Improvements Assessment
$11,975,340
Total Assessment
$12,500,000
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