Hampton Inn Lordsburg

Hospitality for Sale
Catylist Listing ID: 30630537
Property Subtypes: Hotel
Number of Units: 64 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 1.55 Acres
Sale Price: $6,900,000
Unit Price: $107,812.50 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.77%
Last Updated: 9/14/2020

Overview / Comments

Marcus & Millichap has been chosen to exclusively market for sale the Hampton Inn Lordsburg, a three-story limited service hotel located in Lordsburg, New Mexico, halfway between Tucson and El Paso. The hotel consists of 64 interior corridor rooms and is ideally located off Interstate 10 and within close proximity to the Lordsburg train station. Nearby attractions include Lordsburg KOA Journey, Lordsburg-Hidalgo County Museum, Veterans Park, Todd Bensley Shooting Range, Lordsburg Special Events Center and Shakespeare Ghost Town.

The property performs consistently within its comp set and is suited to perform optimally as demand in the market increases. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

Additional Details

Nearest MSA: Deming
County: Hidalgo

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,699 2,699 2,699
Median Age: 37.15 37.15 37.15
Households: 1,038 1,038 1,038

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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