Hotel-Motel

Comfort Inn & Suites Albuquerque - Alameda

5811 Signal Ave NE, Albuquerque, NM 87113

Listing Price: $4,550,000

Cap Rate
2.83%
Number of Rooms
68
RevPAR
$32
Gross SF
46,617
Price/Room
$66,912
RRM
5.69
Price/Gross SF
$97.60
Year Built
1995

Investment Overview

INVESTMENT OVERVIEW
Marcus & Millichap has been chosen to exclusively market for sale the Comfort Inn & Suites Alameda at Albuquerque Balloon Fiesta Park, a 3-story 68 room interior-corridor hotel located in Albuquerque, New Mexico. The Comfort Inn & Suites Alameda completed a $1.1M Move to Modern Property Improvement Plan in 2018 with completion in July 2019. The seller has already undertaken the financial burden of occupancy dips associated with taking rooms off-line for a Property Improvement Plan in preparation for a change in ownership. Qualified investors will understand after having toured the property that the asset is offered with virtually zero change-in ownership PIP from the franchise company, who has already signaled their satisfaction with the sellers completion of renovation efforts. Per the September 2020 STR report, the Comfort Inn Alameda at Albuquerque Balloon Fiesta Park continued its trend of outperforming its comp set with a Trailing-12 month RevPAR penetration index of 117%, following 116% in 2019 and 125.8% in 2018.

Investment Highlights

  • Recent $1.1M Move to Modern PIP Completion
  • Directly Adjacent to North/South Interstate 25
  • Surrounded by Numerous Demand Generators
  • Balloon Fiesta Park & Golf Course Attracts Visitors Year Round
  • Northeast Albuquerque Experiencing Tremendous Growth
  • Albuquerque: Largest MSA in New Mexico

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

Financing By

Hotel-Motel

Comfort Inn & Suites Albuquerque - Alameda

Listing Price: $4,550,000

Cap Rate
2.83%
Number of Rooms
68
RevPAR
$32
Gross SF
46,617
Price/Room
$66,912
RRM
5.69
Price/Gross SF
$97.60
Year Built
1995

Investment Highlights

  • Recent $1.1M Move to Modern PIP Completion
  • Directly Adjacent to North/South Interstate 25
  • Surrounded by Numerous Demand Generators
  • Balloon Fiesta Park & Golf Course Attracts Visitors Year Round
  • Northeast Albuquerque Experiencing Tremendous Growth
  • Albuquerque: Largest MSA in New Mexico

Investment Overview

INVESTMENT OVERVIEW
Marcus & Millichap has been chosen to exclusively market for sale the Comfort Inn & Suites Alameda at Albuquerque Balloon Fiesta Park, a 3-story 68 room interior-corridor hotel located in Albuquerque, New Mexico. The Comfort Inn & Suites Alameda completed a $1.1M Move to Modern Property Improvement Plan in 2018 with completion in July 2019. The seller has already undertaken the financial burden of occupancy dips associated with taking rooms off-line for a Property Improvement Plan in preparation for a change in ownership. Qualified investors will understand after having toured the property that the asset is offered with virtually zero change-in ownership PIP from the franchise company, who has already signaled their satisfaction with the sellers completion of renovation efforts. Per the September 2020 STR report, the Comfort Inn Alameda at Albuquerque Balloon Fiesta Park continued its trend of outperforming its comp set with a Trailing-12 month RevPAR penetration index of 117%, following 116% in 2019 and 125.8% in 2018.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    License(s): NM: 19583

    New Mexico

Financing By

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