Suburban Extended Stay Hotel Alamogordo

Hospitality for Sale
Catylist Listing ID: 30737533
Property Subtypes: Hotel
Number of Units: 58 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 0.97 Acres
Sale Price: $2,250,000
Unit Price: $38,793.10 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.14%
Last Updated: 1/10/2022

Overview / Comments

- Priced Below Replacement Cost at $38,793 Per Key
- 58-Room, Exterior Corridor, Choice-Branded Hotel Built in 2011
- Ability for Hands-On-Owner-Operator to Decrease Expenses & Increase Net Operating Income
- Three Miles from New Mexico State University – Alamogordo and Six Miles from Alamogordo-White Sands Regional Airport
- Unencumbered by a Management Contract or Debt

Additional Details

Nearest MSA: Alamogordo
County: Otero
Tax ID/APN: R015857

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,303 26,788 33,112
Median Age: 35.92 39.65 39.12
Households: 1,421 11,356 13,972

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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