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Hotel-Motel

Hampton Inn Albuquerque - University / Midtown

2300 Carlisle Blvd NE, Albuquerque, NM 87110

Listing Price: Request For Offer

Number of Rooms
126
RevPAR
$75
Gross SF
119,790
Year Built
1999

Investment Overview

High-Quality Asset in Exceptional Condition: The Hampton Inn Albuquerque-University/Midtown is an upper-midscale, limited-service Hotel featuring 126 spacious guest rooms throughout four stories. The Hotel is well-equipped with several amenities such as an outdoor pool, fitness center, business center, and 1,152 square feet of meeting/event space. An extensive renovation of the Hotel’s common areas, guestrooms, and exterior required to meet current brand standards was completed in 2021, presenting a new owner the opportunity to acquire a Hilton-branded hotel with a minimal change of ownership PIP. Prime Location in a Growing Metro: Located between Interstate 40 and Carlisle Boulevard, the Hotel is easily accessible from the expressway with excellent visibility from Interstate 40. Additionally, the Albuquerque International Sunport, New Mexico’s busiest airport with over 2.6 million enplanements annually, is only 7.2 miles from the Property. Easy Access to Market Demand Generators: The Hotel is just minutes away from the University of New Mexico (2.7 miles), a public research university that participates in the NCAA Division I Mountain West Conference, and currently enrolls over 21,000 students with 190,000 active alumni worldwide. Other local demand generators include Historic Old Town (5.0 miles), Kirtland Air Force Base (6.0 miles), Lovelace Medical Center Downtown (3.8 miles), Cliffs Amusement Park (4.6 miles), the Albuquerque Downs Racetrack and Casino (4.1 miles), and the Albuquerque International Balloon Fiesta (7.5 miles). The Hotel further benefits from the Albuquerque Regional Sports Complex (10.3 miles) which generates extensive sports team lodging demand. Netflix Studio Expansion: Albuquerque Studios, located just 11.8 miles from the Hotel, was bought by Netflix in 2018. Netflix has announced that they will spend an additional $1.0 billion in production and expand by adding another 300 acres to the existing studios, which will establish Albuquerque Studios as Netflix’s main production facility in North America. This expansion is expected to create nearly 1,500 construction jobs and 1,000 production jobs in New Mexico over the next ten years. Significant Top-Line Revenue and Impressive RevPAR Penetration: The Property recorded an $81.64 RevPAR, achieving revenues over $3.76 million through the trailing twelve months ending February 2022. This represents a 10 percent growth from year-end 2021, suggesting a record-breaking year in 2022 as the hotel continues to cement itself as a market leader, by outperforming the STR-defined market competitive set. Solid In-Place Cash Flow: The Hotel benefits from consistent in-place cash flows with a Net Operating Income of over $1.43 million during the trailing twelve months ending February 2022. This equates to 37.9 percent of total revenues, after a 4 percent capital replacement reserve and 3 percent management fee. Clean Offering: The Property is Fee Simple Real Estate and clear of existing management and financing contracts.

Investment Highlights

  • Four-Story, 126-Room, Hilton International Branded Hotel
  • Less than 3 Miles from the University of New Mexico and 8 miles from the Albuquerque International Sunport
  • Over $3.76 Million of Room Revenue and over $1.43 Million of Net Operating Income for the Twelve Months Ending February 2022
  • Fee-Simple, Unencumbered by Management Contract or Debt

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Hotel-Motel

Hampton Inn Albuquerque - University / Midtown

Listing Price: Request For Offer

Number of Rooms
126
RevPAR
$75
Gross SF
119,790
Year Built
1999

Investment Highlights

  • Four-Story, 126-Room, Hilton International Branded Hotel
  • Less than 3 Miles from the University of New Mexico and 8 miles from the Albuquerque International Sunport
  • Over $3.76 Million of Room Revenue and over $1.43 Million of Net Operating Income for the Twelve Months Ending February 2022
  • Fee-Simple, Unencumbered by Management Contract or Debt

Investment Overview

High-Quality Asset in Exceptional Condition: The Hampton Inn Albuquerque-University/Midtown is an upper-midscale, limited-service Hotel featuring 126 spacious guest rooms throughout four stories. The Hotel is well-equipped with several amenities such as an outdoor pool, fitness center, business center, and 1,152 square feet of meeting/event space. An extensive renovation of the Hotel’s common areas, guestrooms, and exterior required to meet current brand standards was completed in 2021, presenting a new owner the opportunity to acquire a Hilton-branded hotel with a minimal change of ownership PIP. Prime Location in a Growing Metro: Located between Interstate 40 and Carlisle Boulevard, the Hotel is easily accessible from the expressway with excellent visibility from Interstate 40. Additionally, the Albuquerque International Sunport, New Mexico’s busiest airport with over 2.6 million enplanements annually, is only 7.2 miles from the Property. Easy Access to Market Demand Generators: The Hotel is just minutes away from the University of New Mexico (2.7 miles), a public research university that participates in the NCAA Division I Mountain West Conference, and currently enrolls over 21,000 students with 190,000 active alumni worldwide. Other local demand generators include Historic Old Town (5.0 miles), Kirtland Air Force Base (6.0 miles), Lovelace Medical Center Downtown (3.8 miles), Cliffs Amusement Park (4.6 miles), the Albuquerque Downs Racetrack and Casino (4.1 miles), and the Albuquerque International Balloon Fiesta (7.5 miles). The Hotel further benefits from the Albuquerque Regional Sports Complex (10.3 miles) which generates extensive sports team lodging demand. Netflix Studio Expansion: Albuquerque Studios, located just 11.8 miles from the Hotel, was bought by Netflix in 2018. Netflix has announced that they will spend an additional $1.0 billion in production and expand by adding another 300 acres to the existing studios, which will establish Albuquerque Studios as Netflix’s main production facility in North America. This expansion is expected to create nearly 1,500 construction jobs and 1,000 production jobs in New Mexico over the next ten years. Significant Top-Line Revenue and Impressive RevPAR Penetration: The Property recorded an $81.64 RevPAR, achieving revenues over $3.76 million through the trailing twelve months ending February 2022. This represents a 10 percent growth from year-end 2021, suggesting a record-breaking year in 2022 as the hotel continues to cement itself as a market leader, by outperforming the STR-defined market competitive set. Solid In-Place Cash Flow: The Hotel benefits from consistent in-place cash flows with a Net Operating Income of over $1.43 million during the trailing twelve months ending February 2022. This equates to 37.9 percent of total revenues, after a 4 percent capital replacement reserve and 3 percent management fee. Clean Offering: The Property is Fee Simple Real Estate and clear of existing management and financing contracts.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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