Skip to main content

Hotel-Motel

Potential Hotel or Multifamily Conversion Opportunity - ABQ

7620 Pan American Fwy NE, Albuquerque, NM 87109

Listing Price: $3,500,000

Cap Rate
18.70%
Number of Rooms
168
RevPAR
$41
Price/Room
$20,833
RRM
1.38
Year Built
1986

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 Potential Hotel or Multifamily Conversion Opportunity - ABQ located in Albuquerque, New Mexico. The Hotel is offered at $3,500,000 or $20,833 per key. The building is currently closed and not in operation.

The Potential Hotel or Multifamily Conversion Opportunity - ABQ is three-story, 168-room hotel positioned at 7620 Pan American Freeway Northeast in Albuquerque, New Mexico, just off a stretch of Interstate 25 that records nearly 140,000 vehicles per day. The Hotel maintains several common area amenities including an on-site restaurant & bar, business center, fitness center, outdoor pool, onsite retail store, and meeting space.

Albuquerque, New Mexico, a city located in Bernalillo County, offers a vibrant mix of cultural attractions, stunning natural beauty, and exciting activities. Explore the rich history of Old Town or delve into a scientific adventure at the National Museum of Nuclear Science & History, Albuquerque Museum, or the New Mexico Museum of Natural History and Science. Ascend the Sandia Mountains via the world's longest tram, the Sandia Peak Tramway, for breathtaking views. Witness the wonder of hundreds of hot air balloons during the annual Albuquerque International Balloon Fiesta or explore ancient rock art at Petroglyph National Monument. Immerse yourself in Native American culture at the Indian Pueblo Cultural Center.

The city boasts a variety of businesses, from renowned restaurants like Los Poblanos to local favorites like Frontier Restaurant, and benefits from key industries like healthcare, retail, and education. Major employers like Lovelace Medical Center, Intel, Sandia National Labs, and Kirtland Air Force Base drive economic activity. Demand generators like the University of New Mexico and Albuquerque International Sunport bring additional transient business. Attractions such as Petroglyph National Monument, Cliffs Amusement Park, Albuquerque Downs Racetrack & Casino, the Albuquerque Regional Sports Complex, and Nusenda Community Stadium further enhance tourism in the area.

Investment Highlights

  • 168-Rooms with Potential Hotel Conversion or Multifamily Conversion Opportunity
  • Zoning Approved for Residential Use
  • Situated 56 Miles Southwest of Santa Fe and Less than 10 Miles from Downtown Albuquerque
  • Positioned 12.5 Miles from Albuquerque International Sunport which Helped Facilitate Over Five Million Passengers in 2023
  • Offered Fee Simple, Unencumbered by Management Contracts, Franchise, or Existing 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

Potential Hotel or Multifamily Conversion Opportunity - ABQ

Listing Price: $3,500,000

Cap Rate
18.70%
Number of Rooms
168
RevPAR
$41
Price/Room
$20,833
RRM
1.38
Year Built
1986

Investment Highlights

  • 168-Rooms with Potential Hotel Conversion or Multifamily Conversion Opportunity
  • Zoning Approved for Residential Use
  • Situated 56 Miles Southwest of Santa Fe and Less than 10 Miles from Downtown Albuquerque
  • Positioned 12.5 Miles from Albuquerque International Sunport which Helped Facilitate Over Five Million Passengers in 2023
  • Offered Fee Simple, Unencumbered by Management Contracts, Franchise, or Existing 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 Potential Hotel or Multifamily Conversion Opportunity - ABQ located in Albuquerque, New Mexico. The Hotel is offered at $3,500,000 or $20,833 per key. The building is currently closed and not in operation. The Potential Hotel or Multifamily Conversion Opportunity - ABQ is three-story, 168-room hotel positioned at 7620 Pan American Freeway Northeast in Albuquerque, New Mexico, just off a stretch of Interstate 25 that records nearly 140,000 vehicles per day. The Hotel maintains several common area amenities including an on-site restaurant & bar, business center, fitness center, outdoor pool, onsite retail store, and meeting space. Albuquerque, New Mexico, a city located in Bernalillo County, offers a vibrant mix of cultural attractions, stunning natural beauty, and exciting activities. Explore the rich history of Old Town or delve into a scientific adventure at the National Museum of Nuclear Science & History, Albuquerque Museum, or the New Mexico Museum of Natural History and Science. Ascend the Sandia Mountains via the world's longest tram, the Sandia Peak Tramway, for breathtaking views. Witness the wonder of hundreds of hot air balloons during the annual Albuquerque International Balloon Fiesta or explore ancient rock art at Petroglyph National Monument. Immerse yourself in Native American culture at the Indian Pueblo Cultural Center. The city boasts a variety of businesses, from renowned restaurants like Los Poblanos to local favorites like Frontier Restaurant, and benefits from key industries like healthcare, retail, and education. Major employers like Lovelace Medical Center, Intel, Sandia National Labs, and Kirtland Air Force Base drive economic activity. Demand generators like the University of New Mexico and Albuquerque International Sunport bring additional transient business. Attractions such as Petroglyph National Monument, Cliffs Amusement Park, Albuquerque Downs Racetrack & Casino, the Albuquerque Regional Sports Complex, and Nusenda Community Stadium further enhance tourism in the area.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

MM Texture Background
MM Textured Background Lower