Suburban Extended Stay Hotel Close to Airport

Hospitality for Sale
Catylist Listing ID: 30035148
Property Subtypes: Hotel
Number of Units: 58 Units
Building Size (RSF): 18,700 SF
Gross Building Area: See Agent
Gross Land Area: 42,400 SF
Sale Price: $2,799,000
Unit Price: $48,258.62 Per Unit
Property Use Type: Investment
Building Name: Suburban Extended Stay Hotel
Name of Establishment: Suburban Extended Stay Hotel
Sale Terms: Cash to Seller
Cap Rate: 7.75%
Last Updated: 8/16/2017

Overview / Comments

Choice Hotels International Choice Hotels International (NYSE: CHH) is one of the largest and most successful lodging companies in the world. Choice currently franchises more than 6,300 hotels, representing more than 500,000 rooms, in more than 35 countries and territories. Ranging from limited service to full service hotels in the economy, mid-scale and upscale segments, Choice-branded properties provide business and leisure travelers with a range of high-quality, high-value lodging options throughout the United States and internationally. For more information on Choice Hotels, visit the company’s Website www.choicehotels.com.

Gold Award Recipient:
Hotels that achieve the prestigious Gold Award represent the top 10% of hotels within each Choice brand. The awards are based on a ranking system that measures guest satisfaction, product quality, staff service, room condition and cleanliness. These properties have a proven track record of providing exceptional guest service and facilities.

Room History & Revenue:

2014 End of the Year Totals:
Occupancy 49.1%
ADR $51.91
RevPAR $25.49

2015 End of Year Totals:
Occupancy 67.5%
ADR $51.05
RevPAR $34.44

2016 January-September
Occupancy Average 54.7%
ADR $56.43
RevPAR $30.87

Two year average on Net Operating income: $198,600.00
Projected 2016 NOI: $217,000.00

Two year average on Gross Sales: $598,000.00
Projected 2016 Gross Sales: $658,600.00

Attachments & Media

Additional Details

Nearest MSA: Alamogordo
County: Otero
Property Visibility: Excellent
Construction/Siding: Other

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
© Copyright Commercial Association of REALTORS® - New Mexico. 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.