NewGen Advisory Closes Sale of 123-Room Home2 Suites by Hilton in Albuquerque

NewGen Advisory has announced the successful sale of the 123-room Home2 Suites by Hilton in Albuquerque, New Mexico. This Albuquerque hotel transformed from stalled development into stabilized Hilton extended-stay asset. NewGen Advisory represented the seller in the transaction. Gerrit Stryker of United Real Estate represented the buyer.

While the closing marks the successful disposition of a newer Hilton-branded extended-stay hotel, the story of the property began years before the transaction.

The development was originally conceived and partially constructed as a Four Points by Sheraton before construction stalled prior to completion. The unfinished structure remained largely dormant for years until the seller, a local Albuquerque developer and experienced hotel operator, acquired the property while it was still less than halfway complete.

Rather than simply completing the original development, ownership saw an opportunity to reposition the project.

The property was substantially reworked and, in many respects, the development process began again. The result was the transformation of a long-dormant structure into a newly completed 123-room Home2 Suites by Hilton.

Following redevelopment, the hotel established strong operational performance and offered a combination of modern construction, Hilton affiliation and limited near-term capital requirements.

Those characteristics ultimately aligned closely with the buyer’s investment strategy.

The buyer was working within the timeline of a significant 1031 exchange and was specifically seeking upper-midscale hotel assets with strong brand affiliations, newer construction and minimal immediate PIP or renovation exposure.

The Home2 Suites Albuquerque proved to be a strong match for those acquisition criteria.

From an unfinished development that sat dormant for years to a completed hotel, operational stabilization and eventual sale, the transaction illustrates the value that can be created through thoughtful repositioning, disciplined execution and a well-planned exit strategy.

NewGen Advisory is proud to have represented the seller and helped bring the property’s redevelopment story to its next chapter.

Considering a Sale or 1031 Exchange?

NewGen Advisory works with hotel owners and investors across the country to identify acquisition and disposition opportunities that align with their individual investment objectives.

Hotel owners considering a sale, as well as investors seeking replacement properties for a 1031 exchange, can connect with the NewGen Advisory team to discuss current opportunities.

About NewGen Advisory
NewGen Advisory is a hospitality-focused commercial real estate brokerage specializing in hotel acquisitions, dispositions and strategic advisory services for owners and investors.