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Hotel-Motel

Hilton Garden Inn Hobbs

4620 N Lovington Hwy, Hobbs, NM 88240

Listing Price: Request For Offer

Number of Rooms
113
RevPAR
$91
Gross SF
115,000
Year Built
2015

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the Hilton Garden Inn Hobbs in Hobbs, New Mexico. This property is a 4-story, interior corridor hotel with 133 rooms, reaping the benefit of the transient demand from the U.S. Route 62. The Hilton Garden Inn Hobbs also benefits from the thriving farming, oil & gas industries.

Situated one mile from New Mexico Junior College, the Western Heritage Museum, and the Lea Country Event Center, with eateries in walking distance. Zia Park Casino and the University of the Southwest are both within two miles. The guest rooms for this property offer room amenities such as; digital key, free WiFi, connecting rooms and accessible options as well as property amenities such as; an indoor pool, fitness center, on-site restaurant, and a business center.

Investment Highlights

  • Newer built (2015) premium branded hotel – Second newest hotel within STR Comp Set
  • Hilton Garden Inn Hobbs New Mexico benefits from farming industry, oil & gas, along with transient demand along the U.S. Route 62 – Runs from El Paso to New York
  • Hobbs is home to Lea County Airport which is serviced by United Airlines along with Midland International Airport located less than 90 minutes away
  • No new hotels are currently under development within Hobbs
  • Lea & Eddy County accounted for 17% of all onshore oil input in the U.S. for 2023 – Expected to pump more oil than the next five largest counties combined
  • Room sizes vary from 350 sqft to 840 sqft approximately, allowing for larger rooms to service the markets extended stay demand

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

Hilton Garden Inn Hobbs

Listing Price: Request For Offer

Number of Rooms
113
RevPAR
$91
Gross SF
115,000
Year Built
2015

Investment Highlights

  • Newer built (2015) premium branded hotel – Second newest hotel within STR Comp Set
  • Hilton Garden Inn Hobbs New Mexico benefits from farming industry, oil & gas, along with transient demand along the U.S. Route 62 – Runs from El Paso to New York
  • Hobbs is home to Lea County Airport which is serviced by United Airlines along with Midland International Airport located less than 90 minutes away
  • No new hotels are currently under development within Hobbs
  • Lea & Eddy County accounted for 17% of all onshore oil input in the U.S. for 2023 – Expected to pump more oil than the next five largest counties combined
  • Room sizes vary from 350 sqft to 840 sqft approximately, allowing for larger rooms to service the markets extended stay demand

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the Hilton Garden Inn Hobbs in Hobbs, New Mexico. This property is a 4-story, interior corridor hotel with 133 rooms, reaping the benefit of the transient demand from the U.S. Route 62. The Hilton Garden Inn Hobbs also benefits from the thriving farming, oil & gas industries. Situated one mile from New Mexico Junior College, the Western Heritage Museum, and the Lea Country Event Center, with eateries in walking distance. Zia Park Casino and the University of the Southwest are both within two miles. The guest rooms for this property offer room amenities such as; digital key, free WiFi, connecting rooms and accessible options as well as property amenities such as; an indoor pool, fitness center, on-site restaurant, and a business center.

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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