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Hotel-Motel

Microtel Inn & Suites by Wyndham Albuquerque West

9910 Avalon Rd NW, Albuquerque, NM 87121

Listing Price: $3,800,000

Cap Rate
8.36%
Number of Rooms
50
RevPAR
$54
Price/Room
$76,000
RRM
3.88
Year Built
1999

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Microtel Inn & Suites Albuquerque West (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel is offered at $3,800,000 or $76,000 per key. The Microtel Inn & Suites Albuquerque West is a three-story, interior-corridor Hotel with 50 spacious guest rooms. Well-equipped with numerous common area and guest room amenities, this limited-service economy Hotel offers an airport shuttle service, business center, guest laundry facilities, and bus/truck parking. Albuquerque, New Mexico is a city located in Bernalillo County in the central region of the state, 60 miles southwest of Santa Fe and 140 miles southeast of Gallup. The Microtel Inn & Suites Albuquerque West is superbly positioned on Avalon Road, just off Interstate 40 and Central Avenue. With the city's major employers and popular demand generators in close proximity to the property, this sought-after Hotel benefits from many key industries of the city which include healthcare & social assistance, retail trade, and educational services. Lovelace Medical Center Downtown and Intel Corporation, two of the city's largest employers located approximately seven and thirteen miles from the Hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Sandia National Labs, General Mills Inc., and the Kirtland Air Force Base. Demand generators in the area, like the University of New Mexico and Albuquerque International Sunport help bring additional revenue to the Hotel through an increase in transient business. Extra demand drivers for the city include Petroglyph National Monument, Cliffs Amusement Park, and the Albuquerque Downs Racetrack & Casino. The Hotel also benefits from being two miles from Albuquerque Regional Sports Complex and Nusenda Community Stadium which generates extensive sports team lodging demand. Operationally, the Hotel achieved $970 thousand in room revenue, resulting in a net operating income of approximately 30.5 percent of total revenues; this translates to $306 thousand before debt service. Focusing on operational efficiency, a new owner can see a significant boost in Hotel performance through additional marketing targeted at increasing occupancy to meet the market. The expenses include provisions for a four percent reserve for capital replacement. The Hotel is offered fee simple, unencumbered by a management contract and debt.

Investment Highlights

  • Three-Story, 50-Room, Economy, Wyndham-Branded Hotel
  • Less than 10 Miles from the Albuquerque International Sunport, University of New Mexico, and Nusenda Community Stadium
  • Well Positioned with Excellent Visibility near Interstate 40
  • 2021 RevPAR Penetration Index of 94 Percent; Upside Potential for New Investor
  • Offered 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

Microtel Inn & Suites by Wyndham Albuquerque West

Listing Price: $3,800,000

Cap Rate
8.36%
Number of Rooms
50
RevPAR
$54
Price/Room
$76,000
RRM
3.88
Year Built
1999

Investment Highlights

  • Three-Story, 50-Room, Economy, Wyndham-Branded Hotel
  • Less than 10 Miles from the Albuquerque International Sunport, University of New Mexico, and Nusenda Community Stadium
  • Well Positioned with Excellent Visibility near Interstate 40
  • 2021 RevPAR Penetration Index of 94 Percent; Upside Potential for New Investor
  • Offered Fee-Simple Unencumbered by Management Contract or Debt

Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Microtel Inn & Suites Albuquerque West (‘Hotel’ or ‘Property’). The Wyndham Hotels-branded Hotel is offered at $3,800,000 or $76,000 per key. The Microtel Inn & Suites Albuquerque West is a three-story, interior-corridor Hotel with 50 spacious guest rooms. Well-equipped with numerous common area and guest room amenities, this limited-service economy Hotel offers an airport shuttle service, business center, guest laundry facilities, and bus/truck parking. Albuquerque, New Mexico is a city located in Bernalillo County in the central region of the state, 60 miles southwest of Santa Fe and 140 miles southeast of Gallup. The Microtel Inn & Suites Albuquerque West is superbly positioned on Avalon Road, just off Interstate 40 and Central Avenue. With the city's major employers and popular demand generators in close proximity to the property, this sought-after Hotel benefits from many key industries of the city which include healthcare & social assistance, retail trade, and educational services. Lovelace Medical Center Downtown and Intel Corporation, two of the city's largest employers located approximately seven and thirteen miles from the Hotel, are prime revenue drivers for the surrounding area. Other major employers that are responsible for a significant portion of the workforce include Sandia National Labs, General Mills Inc., and the Kirtland Air Force Base. Demand generators in the area, like the University of New Mexico and Albuquerque International Sunport help bring additional revenue to the Hotel through an increase in transient business. Extra demand drivers for the city include Petroglyph National Monument, Cliffs Amusement Park, and the Albuquerque Downs Racetrack & Casino. The Hotel also benefits from being two miles from Albuquerque Regional Sports Complex and Nusenda Community Stadium which generates extensive sports team lodging demand. Operationally, the Hotel achieved $970 thousand in room revenue, resulting in a net operating income of approximately 30.5 percent of total revenues; this translates to $306 thousand before debt service. Focusing on operational efficiency, a new owner can see a significant boost in Hotel performance through additional marketing targeted at increasing occupancy to meet the market. The expenses include provisions for a four percent reserve for capital replacement. The Hotel is offered fee simple, unencumbered by a management contract and 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

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