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1300 Avenida de Mesilla
Las Cruces, NM 88005
Comfort Inn & Suites Las Cruces Mesilla · Hospitality Property For Sale · 36,690 SF
Investment Highlights
- High Barrier to Entry - Situated and visible along Interstate-10
- Outperforms Competitive Set in ADR and RevPAR; Ranks “Top 2” in ADR and RevPAR
- Awarded "Ring of Honor" in 2019 and "Platinum" in 2018 & 2020 by Choice Hotels
- YoY Performance is up 72% Compared to 2021; ADR exceeds 2021 Rates by 36% and RevPAR is up 41% Compared to 2021
- Priced Well Below Replacement Costs
- Ideal For Owner/Opeartor or Third Party Management Structure
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 2005/2017 |
| Building Class | C | Parking Ratio | 1.36/1,000 SF |
| Lot Size | 1.23 AC | Corridor | Interior |
| Building Size | 36,690 SF |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.23 AC |
| Building Size | 36,690 SF |
| No. Stories | 2 |
| Year Built/Renovated | 2005/2017 |
| Parking Ratio | 1.36/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
About 1300 Avenida de Mesilla , Las Cruces, NM 88005
Las Cruces Real Estate - Commercial is pleased to present the sale of the Comfort Inn & Suites, Old Mesilla in Las Cruces, New Mexico. The Comfort Inn & Suites, Old Mesilla is strategically situated and visible along Interstate-10. Located in between Las Cruces and the historic town of Old Mesilla, this hotel sits less than 5 minutes away from New Mexico State University and is close to numerous local businesses, restaurants, shops, Memorial Medical Center, and White-Sands Missile Range. This 52-Unit property was built in 2005 and completed the “Move to Modern” PIP in 2017. Additional amenities include a 24-hr business center, fitness center and an indoor heated swimming pool with hot tub. This well maintained property has been a top performer amongst its competitive set as it consistently ranks in the “Top 2” in ADR and RevPAR. 2021 was a record year for Gross Room Revenue and the property is currently on track to finish the year with $200,000 in increase revenue.
PROPERTY TAXES
| Parcel Number | 02-30964 | Improvements Assessment | $252,877 |
| Land Assessment | $89,127 | Total Assessment | $342,004 |
PROPERTY TAXES
zoning
| Zoning Code | C2 (Commercial) |
| C2 (Commercial) |
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