Quality Inn & Suites Near White Sands | 1020 S White Sands Blvd
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Quality Inn & Suites Near White Sands 1020 S White Sands Blvd
90 Room Hotel Alamogordo, NM 88310 $5,300,000 ($58,889/Room)
Executive Summary
*Investment Highlights*
-Price to sell, reduced by $450,000!
-Major renovation recently completed in March 2024, with little to no PIP for new owner
-Priced under 3x RRM, 14.2% Cap Rate and 33.1% Cash on Cash Return
-Property continues to stabilize after renovation with a strong increase in T-12 revenues up 20% and rising
-Exterior corridor; 2-Story; 90-Unit well maintained building located on 2.43-acre lot
-Buyer has the option to continue operations as Quality Inn & Suites or property is approved for conversion to SureStay Plus with minimal PIP requirements
-Located in high traffic area within Alamogordo, nearby highway junction 70 & 54
-In proximity to renowned White Sands National Park and Holloman Air Force Base
-Property approved for SBA 7a financing with only 15% down payment!
-Price to sell, reduced by $450,000!
-Major renovation recently completed in March 2024, with little to no PIP for new owner
-Priced under 3x RRM, 14.2% Cap Rate and 33.1% Cash on Cash Return
-Property continues to stabilize after renovation with a strong increase in T-12 revenues up 20% and rising
-Exterior corridor; 2-Story; 90-Unit well maintained building located on 2.43-acre lot
-Buyer has the option to continue operations as Quality Inn & Suites or property is approved for conversion to SureStay Plus with minimal PIP requirements
-Located in high traffic area within Alamogordo, nearby highway junction 70 & 54
-In proximity to renowned White Sands National Park and Holloman Air Force Base
-Property approved for SBA 7a financing with only 15% down payment!
Property Facts
| Price | $5,300,000 | Building Size | 39,305 SF |
| Price Per Room | $58,889 | No. Rooms | 90 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1988/2017 |
| Property Subtype | Hotel | Parking Ratio | 1.96/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Lot Size | 2.43 AC |
| Price | $5,300,000 |
| Price Per Room | $58,889 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.43 AC |
| Building Size | 39,305 SF |
| No. Rooms | 90 |
| No. Stories | 2 |
| Year Built/Renovated | 1988/2017 |
| Parking Ratio | 1.96/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 14 | $93.00 | - |
| Guest Room | 76 | $85.00 | - |
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PROPERTY TAXES
| Parcel Number | R010135 | Improvements Assessment | $301,507 |
| Land Assessment | $216,597 | Total Assessment | $518,104 |
PROPERTY TAXES
Parcel Number
R010135
Land Assessment
$216,597
Improvements Assessment
$301,507
Total Assessment
$518,104
zoning
| Zoning Code | C |
| C |
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Quality Inn & Suites Near White Sands | 1020 S White Sands Blvd
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