722 N Marland Blvd - Hospitality FOR SALE


Hobbs, NM 88240
$3,200,000 USD
520-664-4091
722 N Marland Blvd, Hobbs, NM for Sale
$3,200,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

722 N Marland Blvd
Hobbs, NM 88240


HIGHLIGHTS

  • Motivated seller - bring all offers
  • Seller financing and lease to purchase options available
  • Suited for several franchise flags
  • Absentee managed from out of state owners
  • $2.6M in renovations completed in 2024
  • Significant upside for owner/operators

OVERVIEW

Jigar “Jay” Desai and Ryan Bodine of NewGen Advisory are proud to present for sale the Hobbs Inn/Hotel Simply Stay - Hobbs, NM. Positioned in the heart of New Mexico’s oil and gas region, this fully remodeled, 62-room interior corridor hotel offers approximately 24,781 square feet of turnkey space on the high-visibility Marland Blvd. With $2.6M in recent renovations, the property blends modern accommodations with strategic proximity to schools, shopping centers, and medical facilities—making it ideal for travelers, long-term guests, or brand conversion opportunities. The Hobbs Inn/Hotel Simply Stay - Hobbs is absentee-managed by out-of-state owners, presenting operational upside for hands-on investors. Hobbs’ steady economic growth and demand for hospitality and residential space offer strong long-term appreciation and revenue potential. Flexible investment terms, including seller financing and lease-to-purchase options, are available, and ownership is eager to entertain all serious offers.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$129 USD /SF

# OF ROOMS

62

PRICE/ROOM

$51,613 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Simply Stay

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1983

PARKING SPACES

75

LAND DETAILS

LAND ACRES

4.43 AC

LAND SF

192,971 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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Jigar DesaiNewGen AdvisoryMore Info
520-664-4091

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