2000 N Main St - Hospitality FOR SALE


Roswell, NM 88201
$2,900,000 USD
909-456-3481
2000 N Main St, Roswell, NM for Sale
$2,900,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

2000 N Main St
Roswell, NM 88201


HIGHLIGHTS

  • Well-Appointed Clarion Inn & Suites, Renovated in 2020
  • Opportunity to Rebrand as a Spark by Hilton or Wyndham Garden
  • Excellent Frontage Along U.S. Route 285
  • Adjacent to New Mexico Military Institute (NMMI)
  • NMMI Supports 52,000+ Jobs and Contributes $2.8 Billion in Annual Labor Income
  • Nearby Attractions Include Wool Bowl Stadium, Roswell Museum & Art Center, Anderson Museum of Contemporary Art, International UFO Museum & Research Ce

OVERVIEW

Ryan Sarbinoff // Broker of Record // License NM 20675 Property Tours Do not contact on-site staff.? All property tours must be scheduled through the listing agent.? Prospective purchasers are encouraged to visit the subject property prior to submitting offers. Marcus & Millichap has been selected to exclusively market for sale the Clarion Inn & Suites Roswell, a 124-room hotel conveniently located off Highway 285 in the heart of Roswell, New Mexico. The two-story interior corridor property, situated on a 2.8-acre site, features 124 guest rooms, two meeting rooms (600 sq. ft.), a garden atrium with an indoor pool and hot tub, and two saunas (NON-OPERATIONAL). The restaurant and banquet facilities have been subdivided and are NOT included in the sale. The Clarion Inn & Suites Roswell is located next to the New Mexico Military Institute, seven miles from the airport, and less than a mile from the International UFO Museum and Research Center. Popular attractions include the Roswell Museum & Art Center, Spring River Park & Zoo, the Robert H. Goddard Planetarium, and the Walker Aviation Museum. Outdoor recreation is just a short drive away, with Bitter Lake National Wildlife Refuge and Bottomless Lakes State Park within 30 minutes. The Clarion Inn & Suites Roswell presents an opportunity to acquire a franchised hotel in a stable market with minimal property improvement requirements (PIP). Our Pro Forma analysis assumes continued modest growth, supported by recent market trends and increasing population and demand in Southeastern New Mexico. For those interested in a brand conversion, the property is eligible for conversion to Spark by Hilton or Wyndham Garden.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$32 USD /SF

# OF ROOMS

124

PRICE/ROOM

$23,387 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Clarion Inn & Suites Roswell

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1977

PARKING SPACES

230

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

C2

APN/PARCEL ID

4135060516223000000

ASK ABOUT THIS PROPERTY

Gordon AllredMarcus & MillichapMore Info
909-456-3481

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Gordon AllredMarcus & MillichapMore Info
909-456-3481

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.