Hotel-Motel
Sleep Inn Albuquerque Airport
2300 International Ave, Albuquerque, NM 87106
Listing Price: $6,600,000
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale the Sleep Inn & Suites Airport in Albuquerque, New Mexico. This three-story interior corridor property has 101 rooms and sits on a spacious 1.90-acre parcel. The rooms and common areas have been renovated in the past few years, including doing tile work on the pool, replacing carpets in the hallways, and updating the furniture and fixtures in the rooms.
The Sleep Inn & Suites Albuquerque Airport is optimally located in the largest city in New Mexico, less than two 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 22,000 students in 2020 and the Albuquerque International Sunport welcomed over 5.4 million passengers in 2019.
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. New Mexico recently posted occupancy increases above 100 basis points, driving healthy RevPAR gains.
Investment Highlights
- Fully stabilized, turn key hotel with no PIP required
- Double digit YOY Market RevPAR Growth
- High visibility from Yale Blvd - Direct access to the Airport
- Qualifies for both SBA and Conventional financing
- Situated one mile from University Stadium
- Eleven miles from Albuquerque Balloon Festival
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $6,600,000
Investment Highlights
- Fully stabilized, turn key hotel with no PIP required
- Double digit YOY Market RevPAR Growth
- High visibility from Yale Blvd - Direct access to the Airport
- Qualifies for both SBA and Conventional financing
- Situated one mile from University Stadium
- Eleven miles from Albuquerque Balloon Festival
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale the Sleep Inn & Suites Airport in Albuquerque, New Mexico. This three-story interior corridor property has 101 rooms and sits on a spacious 1.90-acre parcel. The rooms and common areas have been renovated in the past few years, including doing tile work on the pool, replacing carpets in the hallways, and updating the furniture and fixtures in the rooms. The Sleep Inn & Suites Albuquerque Airport is optimally located in the largest city in New Mexico, less than two 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 22,000 students in 2020 and the Albuquerque International Sunport welcomed over 5.4 million passengers in 2019. 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. New Mexico recently posted occupancy increases above 100 basis points, driving healthy RevPAR gains.
Exclusively Listed By
Broker of Record
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Ryan Sarbinoff
First Vice President/Regional Manager