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Staybridge Suites Midland, TX – Image Credit CBRE
The Staybridge Suites in Midland, Texas, is now available for acquisition, offering a strategic investment opportunity in a thriving economic hub.
The Staybridge Suites in Midland, Texas, has been listed for sale, presenting a unique opportunity for investors to acquire a property in a prime location. Situated off US-250, the hotel is conveniently located near major corporate offices and leisure destinations, making it an attractive option for both business and leisure travelers. This article explores the key investment highlights and economic context surrounding the property.
Investment Highlights
The Staybridge Suites is an institutionally owned and managed asset, known for its solid operational performance. Between 2021 and 2024, the hotel achieved an average Net Operating Income (NOI) margin of 31%, demonstrating its ability to generate consistent cash flow. The property is offered unencumbered by management, providing significant value-add potential for an owner-operator. Strategic market repositioning and operational optimization could further enhance its profitability.
Robust Operating Performance
The hotel has consistently ranked among the top properties in its competitive set for Revenue Per Available Room (RevPAR) performance. With an average index of approximately 120% from 2021 to 2024, the Staybridge Suites has proven its ability to outperform competitors. This strong performance underscores the property’s appeal to investors seeking reliable returns.
Convenient Location and Diverse Demand Drivers
The hotel’s location off US-250 offers easy access to Midland’s key oil and gas operations, including Chevron Campus, Oxy Permian, Schlumberger, and EOG Resources. Additionally, it is conveniently located near major leisure and event venues, including the Scharbauer Sports Complex, Wagner Noël Performing Arts Center, and Midland Park Mall. Downtown Midland is just six miles away, further enhancing the property’s accessibility and attractiveness to a diverse clientele.
Growing and Diversified Economy
Midland is a dynamic city at the heart of the Permian Basin, renowned for its significant role in the oil and gas industry. This economic powerhouse contributes to the nation’s energy independence, with major companies like Chevron and Apache Corporation investing in innovative projects. Beyond energy, Midland’s economic growth is supported by a diverse range of industries, including aerospace, healthcare, and manufacturing, positioning the city as a key player in both regional and national economic development.
The Permian Basin: America’s Energy Powerhouse
The Permian Basin, spanning southwestern Texas and southeastern New Mexico, is a crucial component of America’s energy sector. Known for its vast oil and gas reserves, it contributes nearly 40% of the nation’s oil and 15% of its natural gas. Cities like Midland and Odessa are central to its operations, driving the U.S. towards energy independence and economic growth. As the country transitions to renewable energy, Midland remains a hub of opportunity, offering a stable economic environment for investors.
Inquire at CBRE.
