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910 W Interstate 20
Midland, TX 79701
Comfort Inn Midland · Hospitality Property For Sale
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35,914 SF
Investment Highlights
- Fee simple interest in the lender-owned, 61-room Comfort Inn Midland TX offered at a substantial discount to replacement cost
- Located adjacent to the Country Inn & Suites Midland offering the new owner the opportunity to purchase both assets and streamline personnel expenses
- Operational upside for prospective owner in taking over for current larger national third-party operator, & the lender who came into ownership in 2016
- part of a larger 7 asset Texas and New Mexico portfolio, affording buyers the opportunity to purchase multiple assets with strong operating economies
- Offered unencumbered of management or debt with the ability to retain the Choice flag for a long-term license after completing the change of ownership
- in the Permian region as drilling activity is rebounding sharply with September 2021 active rig counts at 259 as compared to 123 in the prior year
Property Facts
| Property Type | Hospitality | Building Size | 35,914 SF |
| Property Subtype | Hotel | No. Stories | 4 |
| Building Class | B | Year Built | 2014 |
| Lot Size | 1.30 AC | Corridor | Interior |
| Zoning | None | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.30 AC |
| Building Size | 35,914 SF |
| No. Stories | 4 |
| Year Built | 2014 |
| Corridor | Interior |
| Zoning | None |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Public Access Wifi
Property Taxes
| Parcel Number | R000009-470 | Improvements Assessment | $3,508,150 |
| Land Assessment | $171,850 | Total Assessment | $3,680,000 |
Property Taxes
Parcel Number
R000009-470
Land Assessment
$171,850
Improvements Assessment
$3,508,150
Total Assessment
$3,680,000
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