Hotel-Motel

Staybridge Suites Las Cruces

2651 East Northrise Drive, Las Cruces, NM 88011

Listing Price: Request For Offer

Number of Rooms
115
RevPAR
$74
Gross SF
92,156
Year Built
2006

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Staybridge Suites Las Cruces, a 115-room interior corridor hotel located off of Interstate 25 and U.S. Route 70. The Staybridge Suites Las Cruces is within close proximity to New Mexico State University. Nearby attractions include the Museum of Nature & Science, Rio Grande Theatre, Pan American Center, The Zuhl Museum, Old Mesilla Village and White Sands National Park.

Las Cruces is the economic and geographic center of the Mesilla Valley, the agricultural region on the floodplain of the Rio Grande which extends from Hatch to the west side of El Paso, Texas. Las Cruces is the home of New Mexico State University (NMSU), New Mexicos only land-grant university. The region is home to several notable employers, primarily within the government sector. The citys major employer is the federal government on nearby NASA White Sands Test Facility and White Sands Missile Range. Other nearby employers include Las Cruces Public Schools, City of Las Cruces, Dona Ana County, Allied Signal Aerospace and Convergys Corporation.

The property is positioned to continue outperforming its comp set and is suited to perform optimally as the demand in the market increases. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

Investment Highlights

  • Recently Renovated in 2019
  • 3 Miles to Museum of Nature & Science and the Rio Grande Theatre
  • 4 Miles to MountainView Regional Medical Center & Memorial Medical Center
  • 5 Miles to New Mexico State University | 14k+ Current Enrollment
  • Conveniently Located Off of Interstate 25 & U.S. Route 70

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

Listing Price: Request For Offer

Number of Rooms
115
RevPAR
$74
Gross SF
92,156
Year Built
2006

Investment Highlights

  • Recently Renovated in 2019
  • 3 Miles to Museum of Nature & Science and the Rio Grande Theatre
  • 4 Miles to MountainView Regional Medical Center & Memorial Medical Center
  • 5 Miles to New Mexico State University | 14k+ Current Enrollment
  • Conveniently Located Off of Interstate 25 & U.S. Route 70

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Staybridge Suites Las Cruces, a 115-room interior corridor hotel located off of Interstate 25 and U.S. Route 70. The Staybridge Suites Las Cruces is within close proximity to New Mexico State University. Nearby attractions include the Museum of Nature & Science, Rio Grande Theatre, Pan American Center, The Zuhl Museum, Old Mesilla Village and White Sands National Park.

Las Cruces is the economic and geographic center of the Mesilla Valley, the agricultural region on the floodplain of the Rio Grande which extends from Hatch to the west side of El Paso, Texas. Las Cruces is the home of New Mexico State University (NMSU), New Mexicos only land-grant university. The region is home to several notable employers, primarily within the government sector. The citys major employer is the federal government on nearby NASA White Sands Test Facility and White Sands Missile Range. Other nearby employers include Las Cruces Public Schools, City of Las Cruces, Dona Ana County, Allied Signal Aerospace and Convergys Corporation.

The property is positioned to continue outperforming its comp set and is suited to perform optimally as the demand in the market increases. Our Pro Forma analysis assumes an investor will increase operating efficiencies through cost management and modest revenue growth.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

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