Quality Inn & Suites Downtown | 1315 Menaul Blvd NE
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Quality Inn & Suites Downtown 1315 Menaul Blvd NE
136 Room Hotel Albuquerque, NM 87107 $6,500,000 ($47,794/Room)
Investment Highlights
- 7 Min drive from Downtown Albuquerque
- Situated on a corner lot which allows for high visibility
- Property features frontage on Menaul Blvd and Pan American Frwy
- 24 Min to Albuquerque International Sunport
- Public transportation just steps away
- Established Choice Property, recently remodeled in 2020.
Executive Summary
Prime investment opportunity by absentee management grossing 2.4 million in sales in 2022 and 2.025 million in 2023. Hotel is offering 136 well maintained rooms within 71,000 sqft space nested on prime 3.58 acre lot.This property is a standout asset in the area on the intersection of highway 40 and 25. In the middle of the country and city from all directions. Hotel features a modern design across two stories, desirable location boasts proximity to various amenities like malls and parks.
City has excellent demographics with strong projected growth in population. This investment opportunity presents a price per key of $57,350 per room and $1.80 per square foot. which is well below the coast of new construction price these days.
Improvements in the last three years include changing all carpets to new hardwood flooring throughout out property, Interior and exterior painting, fencing and installation of electric gates, marble and stone finish at front desk and new modern public restrooms.
Onsite pool and banquet room, fitness room, guest laundry. Hotel incudes fully licensed bar and restaurant.
City has excellent demographics with strong projected growth in population. This investment opportunity presents a price per key of $57,350 per room and $1.80 per square foot. which is well below the coast of new construction price these days.
Improvements in the last three years include changing all carpets to new hardwood flooring throughout out property, Interior and exterior painting, fencing and installation of electric gates, marble and stone finish at front desk and new modern public restrooms.
Onsite pool and banquet room, fitness room, guest laundry. Hotel incudes fully licensed bar and restaurant.
Property Facts
Amenities
- Business Center
- Fitness Center
- Pool
- Shuttle Service
- High Speed Internet Access
- Patio
- On-Site Bar
- Convention Hotel
- Meeting Event Space
- Smoke-Free
- Hot Tub
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 17 | $95.00 | 270 |
| Guest Room | 119 | $81.00 | 270 |
PROPERTY TAXES
| Parcel Number | 1-015-059-315290-1-08-40 | Improvements Assessment | $545,680 |
| Land Assessment | $177,939 | Total Assessment | $723,619 |
PROPERTY TAXES
Parcel Number
1-015-059-315290-1-08-40
Land Assessment
$177,939
Improvements Assessment
$545,680
Total Assessment
$723,619
zoning
| Zoning Code | SU-1 (Hotel 136 units.) |
| SU-1 (Hotel 136 units.) |
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Quality Inn & Suites Downtown | 1315 Menaul Blvd NE
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