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Hotel-Motel

Albuquerque Midtown Inn & Suites

2120 Menaul Blvd NE, Albuquerque, NM 87107

Listing Price: $2,750,000

Cap Rate
5.87%
Number of Rooms
199
RevPAR
$10
Gross SF
63,776
Price/Room
$13,819
RRM
2.88
Price/Gross SF
$43.12
Year Built
1974

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Albuquerque Midtown Inn & Suites, a two-story limited service hotel located in Albuquerques Midtown neighborhood. The hotel consists of 199 rooms with close proximity to Interstates 40 and 25. Amenities include a heated outdoor pool, business center, guest laundry facilities and complimentary shuttle service. Also included in the offering is a conference center that can be converted to a restaurant.

The Albuquerque Midtown Inn & Suites is located in the Albuquerque Metropolitan Statistical Area (MSA). The Albuquerque metro stretches 5,951 square miles across the northern edges of the Chihuahan Desert and the Sandia and Manzano mountains in the Albuquerque basin. The property sits 3 miles from Cliffs Amusement Park and the New Mexico Museum of Natural History & Science. Most recently, the city announced the addition of Netflix expansion as well as the addition of aerospace firm Orion, creating 4,000 new jobs in the market.

Investment Highlights

  • Priced at $13k Per Key
  • Several Renovations Completed in the Last Few Years
  • 1 Mile to The University of New Mexico
  • 2 Miles to UNM Hospital and Lovelace Medical Center
  • 4 Miles to Albuquerque International Sunport
  • Nearby Attractions Include NM Steam Locomotive, Explora Science Center & ABQ BioPark

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Hotel-Motel

Albuquerque Midtown Inn & Suites

Listing Price: $2,750,000

Cap Rate
5.87%
Number of Rooms
199
RevPAR
$10
Gross SF
63,776
Price/Room
$13,819
RRM
2.88
Price/Gross SF
$43.12
Year Built
1974

Investment Highlights

  • Priced at $13k Per Key
  • Several Renovations Completed in the Last Few Years
  • 1 Mile to The University of New Mexico
  • 2 Miles to UNM Hospital and Lovelace Medical Center
  • 4 Miles to Albuquerque International Sunport
  • Nearby Attractions Include NM Steam Locomotive, Explora Science Center & ABQ BioPark

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Albuquerque Midtown Inn & Suites, a two-story limited service hotel located in Albuquerques Midtown neighborhood. The hotel consists of 199 rooms with close proximity to Interstates 40 and 25. Amenities include a heated outdoor pool, business center, guest laundry facilities and complimentary shuttle service. Also included in the offering is a conference center that can be converted to a restaurant.

The Albuquerque Midtown Inn & Suites is located in the Albuquerque Metropolitan Statistical Area (MSA). The Albuquerque metro stretches 5,951 square miles across the northern edges of the Chihuahan Desert and the Sandia and Manzano mountains in the Albuquerque basin. The property sits 3 miles from Cliffs Amusement Park and the New Mexico Museum of Natural History & Science. Most recently, the city announced the addition of Netflix expansion as well as the addition of aerospace firm Orion, creating 4,000 new jobs in the market.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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