for sale
Holiday Inn Express
2210 West Pierce Street | Carlsbad, NM 88220
Investment Highlights
- 2025 Total Revenue: $3,871,728
- 2024 Room Revenue: $3,681,386.57
- 2025 YTD Stats: Occ-75.15% / ADR-$174.86 / RevPar:$133.20
- Renovated in 2018: $2,200,000 capex Formula Blue PIP resulting in little to no PIP to buyer
- Convenient access to local attractions: Living Desert Zoo and Gardens State Park and Carlsbad Caverns National Park
Property Description
Presenting an exceptional investment opportunity in Carlsbad, NM! This property features 80 modernized units, thoughtfully renovated in 2018 with the renowned Formula Blue design to provide guests with a fresh and contemporary experience. The spacious lobby and common areas offer a welcoming atmosphere for relaxation, while updated amenities cater to the needs of modern travelers.
The well-maintained exterior and convenient access to local attractions and business centers make this property an ideal choice for hospitality investors seeking a strong return on investment. With its prime location and the recent renovations, this property is poised to deliver a rewarding guest experience and promising financial performance. The property has undergone $2.2 million in capital expenditures.
Location Description
Carlsbad, New Mexico, is a charming city known for its natural beauty and outdoor attractions. Located in the southeastern part of the state, it is famous for the Carlsbad Caverns National Park, a UNESCO World Heritage site featuring stunning underground formations. The city also serves as a hub for oil and gas industries, offering a blend of cultural heritage, scenic landscapes, and economic vitality. With its welcoming atmosphere and proximity to unique attractions, Carlsbad is a growing destination for both tourists and business travelers.
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Click the “Complete Confidentiality Agreement” button below to access the due diligence files. After you submit the CA form, you will receive an automated email with links to the due diligence files and offering memorandum.
Devesh “Devo” Ragha
Associate
TX #758386
(806) 584-1454
dragha@newgenadv.com
BROKER OF RECORD
Dinesh “Dan” Rama
NewGen Advisory NM, LLC
NM #QB.20316