Extended Stay Hotel-Major Flag For Sale

Business description

Major flag extended stay hotel-newly constructed! There are very few major flag markets available in the Southwest but this Seller has several! This is a fantastic opportunity to own a 100+ room beautiful hotel with occupancy rates expected at over 80%. The current owner/developer has strategically chosen this location after months of research to identify underdeveloped overnight stay markets in New Mexico. Projected sales revenue exceeds $2.4MM with Net operating Income in excess of $1MM. This is a tremendous investment opportunity for a hands-on owner operator to expand their portfolio into the booming New Mexico market. The Seller is also looking for passive equity investors/partners for other hotel sites in New Mexico, Texas, and Kansas. The current owner/developer has potential financing in the pipeline for qualified interested parties. At stabilization, this hotel will be valued in excess of $7.4MM!

Property information

Real Estate:

Real Property Included

Location:

102 rooms ranging from 250-350 sf, fully furnished extended stay suites sitting on approximately 2 acres of prime land.

Other information

Expansion potential:

Great opportunity to expand portfolio into the booming New Mexico market.

Competition / Market:

Existing hotels in the area have over 75% occupancy rates and high ADR's. There are no other economic priced extended stay products in this market.

Support & training:

Training to be provided by the franchisor.

Financing available:

Some financing available for qualified buyers

Furniture / Fixtures value:

$1,500,000 (included in the asking price)