for sale
Candlewood Suites
3711 San Jose Blvd | Carlsbad, NM 88220
Investment Highlights
- $4M room revenue in 2024 and projected $4.8M room revenue for 2025
- Over $1.3M NOI for 2024 and projected $1.8M NOI for 2025
- YTD $146+ RevPAR with a $188 ADR
- Features modernized, fully equipped kitchens
- Award winner four (4) years in a row for IHG Spirit of True Hospitality
- Minimal PIP to buyer
- Two-hotel portfolio available
Property Description
Devesh “Devo” Ragha of NewGen Advisory is proud to present an exceptional investment opportunity in Carlsbad, NM. The Candlewood Suites – Carlsbad, NM boasts 81 modernized extended-stay units, offering both comfort and convenience for today’s travelers. The spacious lobby, inviting common areas, and well-appointed outdoor spaces create a welcoming atmosphere, while fully equipped kitchenettes cater to extended stay guests. With recent renovations and a well-maintained exterior, the property is ideally located with easy access to local attractions and business hubs. This prime asset in the Carlsbad market presents an excellent opportunity for investors seeking strong returns, a rewarding guest experience, and promising financial performance.
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 #20316