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400 W Wabash Street - Comfort Inn & Suites Lordsburg, Lordsburg, NM

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400 W Wabash Street - Comfort Inn & Suites Lordsburg

Lordsburg, NM 88045-1800

(2.3 MB)

Property Type:Hospitality Number of Rooms:64 Status:Existing Year Built:2007
Stories:3 Building Size:50,562 SF Land Area:1.5 AC (65,340 SF)
For Sale Price:$3,800,000 Price/Room:$59,375 Cap Rate:9.30 %

Parking:-


The Comfort Inn & Suites is a newer property with 65 guestrooms, three floors, interior corridors, and limited service. This upper mid-market hotel is located in Lordsburg, New Mexico. This hotel was built at the end of 2007 using a wood-framed construction, a stucco exterior and a pitched composition roof. The hotel sits on 1.5 acres of land with excellent visibility and access to and from Interstate 10.

Lordsburg is located in the southwestern corner of New Mexico along the Arizona border and is approximately halfway between Tucson, Arizona and el Paso, Texas. This location is an ideal stopover for travelers moving east/west on Interstate 10, which is a heavily traveled corridor. The majority demand is generated from this transient highway business. Other business is generated from government employees, movie production crews and distribution routes for national trucking and railroad companies. Several festivals and events are also hosted throughout the year in Lordsburg, including the Hidalgo County Fair and Rodeo and the Tejano Festival. Other local areas of interest that tourists visit while spending time in Lordsburg are Shakespeare Ghost Town, Redrock Wildlife Area, and Hidalgo County Museum.

Tucson is 150 miles away, El Paso is 170 miles away and Albuquerque is 290 miles away from Lordsburg.

Sale Notes:
This offering presents an excellent opportunity to purchase a newer Comfort Inn & Suites that is already generating good revenues at a discount, (below the cost of construction) which may yield higher returns as the overall economy improves.

Victus Real Estate and Development
Chris Pacheco
(505) 270-1562




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