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Hotel-Motel

La Quinta Inn & Suites El Paso East Loop-375

3470 Joe Battle Blvd, El Paso, TX 79938

Listing Price: $13,500,000

Cap Rate
11.00%
Number of Rooms
83
RevPAR
$101
Gross SF
44,898
Price/Room
$162,651
RRM
4.40
Price/Gross SF
$300.68
Year Built
2022

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the La Quinta Inn & Suites El Paso East Loop-375 in El Paso, New Mexico. This property is a 4-story, interior corridor hotel with 83 rooms, conveniently located off major Highway 10 and Loop 375, with easy access for transient travelers and high visibility. The property is a newer built asset, opened in 2022 with no expected PIP cost and all new FF&E.

Experience a range of hotel amenities; 30 rooms are equipped with a fridge, stove, toaster, microwave, and coffee maker. Enjoy flat-screens TV, desk space as well as ADA compliant rooms available. The La Quinta Inn & Suites El Paso has close and easy access to nearby restaurants and dining within walk & driving distance favorable for both overnight and extended-stay visitors.

Investment Highlights

  • 46.2% NOI after reserves. Stabilized expenses and reduced rooms expense from extended stay customers
  • 2022 built asset, new construction with no expected PIP cost. All brand new FF&E with spacious and modern breakfast and lobby areas.
  • 30 rooms equipped with kitchenettes, providing the opportunity to capitalize on extended stay market share and diversifying potential customer base
  • Close proximity to Loop 375 and HWY 10. Provides easy access for transient travelers and opening exposure to the property with high visibility from El Paso's major beltline.
  • 11% CAP rate after reserves, providing high returns with either Conventional or SBA financing while retaining funds for future renovations. Ideal for the long or short term investor. 21.8% in place return
  • Quick access to many quick service and sit down restaurants, within walking distance. Favorable for quick overnight travelers and enough options for those choosing a longer stay.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Hotel-Motel

La Quinta Inn & Suites El Paso East Loop-375

Listing Price: $13,500,000

Cap Rate
11.00%
Number of Rooms
83
RevPAR
$101
Gross SF
44,898
Price/Room
$162,651
RRM
4.40
Price/Gross SF
$300.68
Year Built
2022

Investment Highlights

  • 46.2% NOI after reserves. Stabilized expenses and reduced rooms expense from extended stay customers
  • 2022 built asset, new construction with no expected PIP cost. All brand new FF&E with spacious and modern breakfast and lobby areas.
  • 30 rooms equipped with kitchenettes, providing the opportunity to capitalize on extended stay market share and diversifying potential customer base
  • Close proximity to Loop 375 and HWY 10. Provides easy access for transient travelers and opening exposure to the property with high visibility from El Paso's major beltline.
  • 11% CAP rate after reserves, providing high returns with either Conventional or SBA financing while retaining funds for future renovations. Ideal for the long or short term investor. 21.8% in place return
  • Quick access to many quick service and sit down restaurants, within walking distance. Favorable for quick overnight travelers and enough options for those choosing a longer stay.

Investment Overview

Marcus & Millichap has been chosen to exclusively market for the sale the La Quinta Inn & Suites El Paso East Loop-375 in El Paso, New Mexico. This property is a 4-story, interior corridor hotel with 83 rooms, conveniently located off major Highway 10 and Loop 375, with easy access for transient travelers and high visibility. The property is a newer built asset, opened in 2022 with no expected PIP cost and all new FF&E. Experience a range of hotel amenities; 30 rooms are equipped with a fridge, stove, toaster, microwave, and coffee maker. Enjoy flat-screens TV, desk space as well as ADA compliant rooms available. The La Quinta Inn & Suites El Paso has close and easy access to nearby restaurants and dining within walk & driving distance favorable for both overnight and extended-stay visitors.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

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