Holiday Inn Express Silver City

Hospitality for Sale
Catylist Listing ID: 30758162
Property Subtypes: Hotel
Number of Units: 73 Units
Building Size (RSF): 38,988 SF
Gross Building Area: See Agent
Gross Land Area: 2.28 Acres
Sale Price: $6,600,000
Unit Price: $90,410.96 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 9.3%
Last Updated: 9/8/2021

Overview / Comments

- 11% Cap Rate on Actual Numbers
- Property Consistently Outperforms its Comp Set
- Minutes to Gila National Forest | ~390k Visitors Per Year
- Nearby Attractions Include Western NM University Museum, Silver City Museum, The Big Ditch & Chino/Santa Rita Copper Mines
- 1 Mile to Gila Regional Medical Center
- 3 Miles to Western New Mexico University, the City's Top Employer

Additional Details

Nearest MSA: Silver City
County: Grant

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 11,420 19,210
Median Age: 41.71 42.53
Households: 4,825 8,006

Contact

Photograph of Listing Agent

Matthew Reeves

Marcus & Millichap CARNM CIE Member
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