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Ramada by Wyndham Albuquerque Airport 2300 Yale Blvd SE

110 Room Hotel Albuquerque, NM 87106 $5,700,000 ($51,818/Room)

Investment Highlights

  • Fully Renovated in 2023 and 2024; over $800k in Capital Expenditures
  • Four additional extended stay rooms yet to be added to reservation system
  • $5B is scheduled to be invested into the Albuquerque Market by two of the largest employers, Intel and Netflix, in the next year
  • Absentee owned through use of management company, providing operational upside for owner user
  • 180 Hotel Rooms set to be delivered in the Airport Market by 2027. City initiative for over 300 new homes in Albuquerque, indicating increased demand
  • Close proximity to Albuquerque Sunport. Two minute drive from arrivals, seven min. drive to departures. Sunport received over 5.3M visitors last year

Executive Summary

To view offering summary and due diligence please visit https://ramadabywyndhamalbuquerqueairport.sharplaunch.com/ or contact Johnny Casler directly at (919) 606-2263 for more information.
Marcus & Millichap has been chosen to exclusively market for the sale the Ramada by Wyndham Albuquerque, New Mexico. This property is a 3-story, interior corridor hotel with 110 rooms, conveniently located just six minutes from Albuquerque International Airport, with easy access to Old Town Albuquerque, Nob Hill, and the University of New Mexico stadium and facilities. The Ramada Albuquerque Airport underwent recent renovations in 2023 and 2024 with over $800k in CapEX.
Experience a range of hotel amenities that seamlessly balance work and play, including a fitness center, on-site laundry and an on-site business center, and free hotel transportation. Jumpstart the day, with complimentary, breakfast served daily and end your day lounging by the outdoor pool area.

Property Facts

Price $5,700,000
Price Per Room $51,818
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 2.18 AC
Building Size 49,525 SF
No. Rooms 110
No. Stories 3
Year Built/Renovated 1984/2024
Tenancy Single
Parking Ratio 1.94/1,000 SF
Corridor Interior
Opportunity Zone Yes

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • Shuttle Service
  • High Speed Internet Access
  • Public Access Wifi
  • Hot Tub

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 110 $77.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-016-055-028430-2-02-04
Land Assessment
$165,511
Improvements Assessment
$684,868
Total Assessment
$850,379

zoning

Zoning Code B1B
B1B
  • Listing ID: 34382472

  • Date on Market: 1/6/2025

  • Last Updated:

  • Address: 2300 Yale Blvd SE, Albuquerque, NM 87106

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