2500 N Grand Ave - Hospitality FOR SALE
Las Vegas, NM 87701 |
$7,085,000 USD
602-946-4371
2500 N Grand Ave
Las Vegas, NM 87701
HIGHLIGHTS
- ABSENTEE OWNERSHIP WITH CONSISTENT CASH FLOW: The property is currently under absentee ownership yet maintains stable operational performance
- REVENUE GROWTH POTENTIAL EVIDENT IN STR INDEX: Currently achieving a 55% RevPAR Index compared to regional competitors (Super 8, Best Western
- RECENT CAPITAL IMPROVEMENTS ENHANCE ASSET QUALITY: Substantial renovations completed, including new exterior paint, refreshed signage
- STRATEGIC INTERSTATE LOCATION IN A REGIONAL TOURIST CORRIDOR: Ideally situated just off I-25, with convenient access to major tourist destinations
- PROXIMITY TO OUTDOOR RECREATION AMENITIES: Located near the Moctezuma Hot Springs and the Sangre de Cristo Mountains
- FLAGGED ASSET WITH BRAND AFFILIATION STABILITY: Operates under the Comfort Inn brand, part of the Choice Hotels portfolio
FOR SALE DETAILS
PRICE
$7,085,000 USD
PRICE/SF
$100 USD /SF
# OF ROOMS
97
PRICE/ROOM
$73,041 {currency}
CAP RATE
10.3%
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Comfort Inn Las Vegas New Mexico
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
-
STORIES
2
ROOM ENTRANCE
Interior
BUILDING CLASS
C
YEAR BUILT
1991
PARKING SPACES
106
LAND DETAILS
LAND ACRES
3 AC
LAND SF
130,680 SF
ZONING
C-3, General Commercial
APN/PARCEL ID
655097
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602-946-4371
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602-946-4371
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