2803 W 2nd St - Hospitality FOR SALE


Roswell, NM 88201
$2,700,000 USD
575-420-6300
2803 W 2nd St, Roswell, NM for Sale
$2,700,000 USD
Hospitality - FOR SALE
1/71
null | Request Cap Rate

2803 W 2nd St
Roswell, NM 88201


HIGHLIGHTS

  • Location

OVERVIEW

Established 61-room hotel offering a well-established hospitality business with a long operating history, multiple income streams, and numerous capital improvements. The current owner has owned and operated the property since 2010. Providing an opportunity for a new owner to acquire an established business with existing customers, local business relationships, and operational systems already in place. The property consists of 4 buildings and includes 61 total rooms. Of those, 58 are rentable quest rooms. Three additional rooms are currently utilized by staff/employees and are rented at $600 per month, providing an additional income stream. The property also utilizes an on-call system, allowing employees to respond to the front desk when needed without requiring staff to remain continuously available at the desk. The hotel has developed a strong repeat and referral customer base. Approximately 82% of customers are repeat guests or referrals from local businesses. The property also accommodates trucking companies by providing space in-front of the hotel. The front parking area is graveled and offers convenient access for guests and commercial vehicles. Guest rooms are equipped with microwaves and refrigerators. Fans have been installed in every room, and the owner reports no customer complaints regarding room temperature since their installation. The property includes vending machines, ice machines, laundry facilities, and a swimming pool with depths ranging from approximately 3 to 9 feet. Additional amenities include a full breakfast room and a coffee grab-and -go area. A former full kitchen has been disassembled and converted into additional storage space. The Kokopelli meeting room has an approximate capacity of 100 people, offering additional potential for meetings, gatherings, and events. The property has benefited from several significant improvements. The windows were replaced approximately six years ago, and the roof was replaced approximately eight years ago. The fire suppression system is up to code. The property is ADA compliant under grandfathered provisions. This property is served by gas and electric utilities and includes several 220-volt power. The water heater system includes circulating pumps to help provide efficient hot-water distribution throughout the property. The current owner may provide detailed training to ease the transition. A transferable franchise contract is available with approximately 4 to 5 years remaining. With an established customer base, strong business referrals, multiple revenue sources, meeting facilities, on-site amenities, and a history of continued ownership since 2010, this property presents an opportunity to acquire an operating hotel business with an established presence in the market

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$91 USD /SF

# OF ROOMS

55

PRICE/ROOM

$49,091 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn Roswell

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1963

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.44 AC

LAND SF

106,286 SF

ZONING

C2

APN/PARCEL ID

413306139749900000001

ASK ABOUT THIS PROPERTY

Bill DavisBerkshire Hathaway Enchanted Lands RealtorsMore Info
575-420-6300

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Bill DavisBerkshire Hathaway Enchanted Lands RealtorsMore Info
575-420-6300

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