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Hotel-Motel

Delta by Marriott Conversion Opportunity

201 E University Ave, Las Cruces, NM 88005

Listing Price: $6,900,000

Number of Rooms
112
RevPAR
$40
Price/Room
$61,607
Year Built
1975

Investment Overview

The Delta by Marriott Conversion Opportunity is a midscale hotel featuring 112 spacious guest rooms and several amenities such as an indoor pool, fitness center, business center, a meeting room, banquet facilities, conference center, salon, and an on-site restaurant with a bar. Located in Las Cruces, New Mexico, this two-story hotel boasts interior corridors and ample capacity to host weddings and sizable events. With its expansive meeting spaces, this property stands at the forefront of the market, offering extensive options for gatherings and events.

The Property is easily accessible and highly visible from I-10 and situated near New Mexico State University (0.8 miles). The Hotel is located near several market demand generators such as the Las Cruces Convention Center (0.4 miles), Pan American Center (1.8 miles), Memorial Medical Center (2.3 miles), Museum of Nature & Science (2.4 miles), and University Park (0.9 miles).

Located just 10.5 miles from the Property, Las Cruces International Airport is critical for air travel to and from Southern New Mexico.

After repositioning to a premier brand, the Delta by Marriott Conversion Opportunity is projected to significantly improve RePAR and exceed $3 million in hotel room revenues, while achieving nearly $1 million in food & beverage revenue.

Positioned for a Marriott conversion, the Property may benefit from increased room revenues, meeting/ banquet revenues and NOI flow-through and more aggressive revenue management, especially after significant capital improvements are completed.

Investment Highlights

  • High-Quality Asset in Exceptional Condition
  • Prime Location with Easy Access to Market Demand Generators
  • Strategic Airport Locations
  • Anticipated Pro Forma RevPAR Penetration
  • Unencumbered by Wyndham Management

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

Delta by Marriott Conversion Opportunity

Listing Price: $6,900,000

Number of Rooms
112
RevPAR
$40
Price/Room
$61,607
Year Built
1975

Investment Highlights

  • High-Quality Asset in Exceptional Condition
  • Prime Location with Easy Access to Market Demand Generators
  • Strategic Airport Locations
  • Anticipated Pro Forma RevPAR Penetration
  • Unencumbered by Wyndham Management

Investment Overview

The Delta by Marriott Conversion Opportunity is a midscale hotel featuring 112 spacious guest rooms and several amenities such as an indoor pool, fitness center, business center, a meeting room, banquet facilities, conference center, salon, and an on-site restaurant with a bar. Located in Las Cruces, New Mexico, this two-story hotel boasts interior corridors and ample capacity to host weddings and sizable events. With its expansive meeting spaces, this property stands at the forefront of the market, offering extensive options for gatherings and events. The Property is easily accessible and highly visible from I-10 and situated near New Mexico State University (0.8 miles). The Hotel is located near several market demand generators such as the Las Cruces Convention Center (0.4 miles), Pan American Center (1.8 miles), Memorial Medical Center (2.3 miles), Museum of Nature & Science (2.4 miles), and University Park (0.9 miles). Located just 10.5 miles from the Property, Las Cruces International Airport is critical for air travel to and from Southern New Mexico. After repositioning to a premier brand, the Delta by Marriott Conversion Opportunity is projected to significantly improve RePAR and exceed $3 million in hotel room revenues, while achieving nearly $1 million in food & beverage revenue. Positioned for a Marriott conversion, the Property may benefit from increased room revenues, meeting/ banquet revenues and NOI flow-through and more aggressive revenue management, especially after significant capital improvements are completed.

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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