Hampton Inn Deming

Hospitality for Sale
Catylist Listing ID: 30630534
Property Subtypes: Hotel
Number of Units: 75 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 3.70 Acres
Sale Price: $6,900,000
Unit Price: $92,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.45%
Last Updated: 9/14/2020

Overview / Comments

Marcus & Millichap has been chosen to exclusively market for sale the Hampton Inn Deming, a three-story limited service hotel located in Luna County, New Mexico. The hotel consists of 75 interior corridor rooms and is ideally located off Interstate 10 and within close proximity to Deming Municipal Airport. Nearby attractions include Deming Arts Center, Marshall Memorial Library, Luna County Courthouse Park, Deming Luna Mimbres Museum, D.H. Lescombes Winery & Tasting Room, Southwestern New Mexico State Fair, Luna Rossa Winery, Fort Cummings, and City of Rocks State Park.

The property performs consistently within its comp set and is suited to perform optimally as the 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: Luna

View FullscreenMap

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,098 14,821
Median Age: 38.23 38.02
Households: 4,194 5,601

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
© Copyright 2001-2020 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.