for sale

Holiday Inn Express

2210 West Pierce Street | Carlsbad, NM 88220

Price:
$13,000,000
Number of Rooms:
80
Building Size:
46,480 SF
Year Built:
2007
Rennovation Completed:
2018
Hotel Type:
Limited Service
NOI:
$1,058,101.33
Cap Rate:
7.05%

Investment Highlights

  • 80 modernized units for enhanced guest comfort
  • TTM Aug 2024 room revenue: $2,555,381.34
  • 2023 room revenue: $3,784,517.90
  • Aug 2024 YTD MPI: OCC $104.2% / ADR 116.3% / RevPAR 121.2%
  • Renovated in 2018 with $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
  • Carlsbad is a hub of oil and gas production in the Permian Basin

Property Description

Presenting an exceptional investment opportunity in Carlsbad, NM The Holiday Inn Express – Carlsbad, NM 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 makes this property an ideal choice for hospitality investors seeking a strong return on investment. With its prime location and the recent renovations, the Holiday Inn Express – Carlsbad, NM is poised to deliver a rewarding guest experience and promising financial performance.

The top-performing Holiday Inn Express is a standout choice for accommodations, offering exceptional service and modern amenities. Embrace the genuine charm of Carlsbad and experience all that this enchanting location has to offer.

Location Description

Discover the vibrant city of Carlsbad, NM, where stunning natural beauty meets a warm, welcoming community. The area is known for its close proximity to Carlsbad Caverns National Park, a breathtaking underground wonderland waiting to be explored. Visitors can also enjoy the Pecos River, perfect for fishing, boating, and picnicking. The city’s rich history and vibrant culture are showcased at the Carlsbad Museum & Art Center and the Living Desert Zoo & Gardens State Park.

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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