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Hotel-Motel

Comfort Inn & Suites Albuquerque Downtown

411 McKnight Ave NW, Albuquerque, NM 87102

Listing Price: $6,900,000

Cap Rate
7.60%
Number of Rooms
82
RevPAR
$54
Gross SF
46,104
Price/Room
$84,146
Price/Gross SF
$149.66
Year Built
1991

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Comfort Inn & Suites Downtown Albuquerque, New Mexico. This four-story interior corridor property has 82 rooms and sits on 1.49-acre parcel. The rooms and common areas have been renovated in 2017.

The Comfort Inn & Suites is optimally located in the largest city in New Mexico, less than three miles away from the University of New Mexico as well as the largest international airport in the state. The University of New Mexico enrolled over 25,000 students in 2021 and the Albuquerque International Sunport welcomed over 5.3 million passengers in 2023.

Albuquerques economy is supported by large companies such as Sandia National Laboratories, a government-owned research center operated by Lockheed Martin, as well as Intel Corp., Schott Solar, Thomas & Betts, General Mills and Tempur-Pedic. According to Marcus & Millichap Research Services, New Mexico has fueled a large portion of the tremendous growth in tourism in the Southwest.

Investment Highlights

  • The Comfort Inn & Suites Albuquerque Downtown is offered for sale individually or in a portfolio with the Comfort Inn Santa Rosa
  • The Comfort Inn & Suites Albuquerque Downtown is cross collateralized with the Comfort Inn Santa Rosa, CMBS assumable loan available
  • Conveniently located off the I-40 and I-25
  • 15-minute drive to the annual Albuquerque International Balloon Fiesta which hosts over 800,000 people every October
  • 7 miles to the Albuquerque International Sunport, which welcomes about 5.4 million passengers annually
  • Major companies including Netflix, Facebook, and Amazon have entered and expanded their market presence in the last 4 years
  • 3 Miles to The University of New Mexico which has over 22,000 students enrolled

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

Comfort Inn & Suites Albuquerque Downtown

Listing Price: $6,900,000

Cap Rate
7.60%
Number of Rooms
82
RevPAR
$54
Gross SF
46,104
Price/Room
$84,146
Price/Gross SF
$149.66
Year Built
1991

Investment Highlights

  • The Comfort Inn & Suites Albuquerque Downtown is offered for sale individually or in a portfolio with the Comfort Inn Santa Rosa
  • The Comfort Inn & Suites Albuquerque Downtown is cross collateralized with the Comfort Inn Santa Rosa, CMBS assumable loan available
  • Conveniently located off the I-40 and I-25
  • 15-minute drive to the annual Albuquerque International Balloon Fiesta which hosts over 800,000 people every October
  • 7 miles to the Albuquerque International Sunport, which welcomes about 5.4 million passengers annually
  • Major companies including Netflix, Facebook, and Amazon have entered and expanded their market presence in the last 4 years
  • 3 Miles to The University of New Mexico which has over 22,000 students enrolled

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Comfort Inn & Suites Downtown Albuquerque, New Mexico. This four-story interior corridor property has 82 rooms and sits on 1.49-acre parcel. The rooms and common areas have been renovated in 2017. The Comfort Inn & Suites is optimally located in the largest city in New Mexico, less than three miles away from the University of New Mexico as well as the largest international airport in the state. The University of New Mexico enrolled over 25,000 students in 2021 and the Albuquerque International Sunport welcomed over 5.3 million passengers in 2023. Albuquerques economy is supported by large companies such as Sandia National Laboratories, a government-owned research center operated by Lockheed Martin, as well as Intel Corp., Schott Solar, Thomas & Betts, General Mills and Tempur-Pedic. According to Marcus & Millichap Research Services, New Mexico has fueled a large portion of the tremendous growth in tourism in the Southwest.

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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