Hampton Inn & Suites Hobbs | 5420 N Lovington Hwy
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Hampton Inn & Suites Hobbs 5420 N Lovington Hwy
67 Room Hotel Hobbs, NM 88240 For Sale
Investment Highlights
- Spark by Hilton conversion opportunity, PIP report available
- The hotel’s rooms revenue for TTM August 2024 increased by 10.4%, compared to the same period last year
- Located in Lea County, which ranks #1 in oil production across the country
- From 2021 through 2023, room revenues consistently averaged over $1,700,000
- Priced at 2.7x RRM per the TTM August 2024 rooms revenue of $1,897,613
- Located five minutes from Zia Park Casino Hotel & Racetrack, which attracts 2.2 million visitors annually
Executive Summary
For more information, please visit the HVS marketing website to electronically execute the confidentiality agreement and get access to the Virtual Deal Room (VDR): https://brokerage.hvs.com/listing/?id=148796
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 67-key Hampton Inn & Suites by Hilton Hobbs, a limited-service hotel asset located in Hobbs, New Mexico. A new investor has the potential to convert the hotel to a Spark by Hilton, which would align well with the local market's demand profile.
The property benefits from its strategic location along North Lovington Highway in Lea County, which ranks #1 in oil production nationwide, and is surrounded by key demand generators including major energy companies, such as Halliburton and Patterson-UTI Drilling Co., and nearby educational institutions and hospitals. Additionally, the property is located within a short drive of Zia Park Casino & Racetrack, which regularly attracts highway travelers given its proximity to the Texas/New Mexico border.
HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, is pleased to present the opportunity to acquire the 67-key Hampton Inn & Suites by Hilton Hobbs, a limited-service hotel asset located in Hobbs, New Mexico. A new investor has the potential to convert the hotel to a Spark by Hilton, which would align well with the local market's demand profile.
The property benefits from its strategic location along North Lovington Highway in Lea County, which ranks #1 in oil production nationwide, and is surrounded by key demand generators including major energy companies, such as Halliburton and Patterson-UTI Drilling Co., and nearby educational institutions and hospitals. Additionally, the property is located within a short drive of Zia Park Casino & Racetrack, which regularly attracts highway travelers given its proximity to the Texas/New Mexico border.
Property Facts
| Sale Type | Investment | No. Rooms | 67 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2004/2011 |
| Building Class | B | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 1.58 AC | Corridor | Interior |
| Building Size | 48,037 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.58 AC |
| Building Size | 48,037 SF |
| No. Rooms | 67 |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2011 |
| Parking Ratio | 1.29/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 24 | $110.00 | - |
| Guest Room | 43 | $101.00 | - |
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PROPERTY TAXES
| Parcel Number | 4000071720001 | Improvements Assessment | $297,874 |
| Land Assessment | $99,220 | Total Assessment | $397,094 |
PROPERTY TAXES
Parcel Number
4000071720001
Land Assessment
$99,220
Improvements Assessment
$297,874
Total Assessment
$397,094
zoning
| Zoning Code | HC |
| HC |
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Eric Guerrero -
Matthew Omansky -
Innara Panjwani -
Fadi Rawashdeh -
Kyle Peterek -
HVS
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Hampton Inn & Suites Hobbs | 5420 N Lovington Hwy
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