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Hotel-Motel

Holiday Inn Express Silver City

1103 E Superior St, Silver City, NM 88061

Listing Price: $6,600,000

Cap Rate
9.30%
Number of Rooms
73
RevPAR
$67
Gross SF
38,988
Price/Room
$90,411
RRM
3.70
Price/Gross SF
$169.28
Year Built
1999

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express Silver City, a three-story limited service hotel conveniently located off of U.S. Route 180 in Silver City, New Mexico. The hotel consists of 73 rooms with close proximity to Western New Mexico University and Gila Regional Medical Center. Amenities include a seasonal outdoor pool, fitness center, complimentary breakfast buffet and guest laundry facilities. Business amenities include a business center and 725 square feet of meeting space. The Holiday Inn Express Silver City is located minutes to the 3.3 million-acre Gila National Forest, New Mexico's largest designated wilderness area. Local businesses benefit from the forest's ~390,000 visitors per year, with visitor spending of about $13.5M annually. Additional demand for the property is transient or is generated from the university, hospital, firefighters fighting forest fires and the nearby copper mines, which make up approximately 33% of the property's business. The Holiday Inn Express Silver City represents the opportunity to acquire an IHG-branded hotel in Southwestern New Mexico. The property has consistently outperformed its comp set and is currently performing at an 11.4% cap rate on actual numbers. Our Pro Forma analysis assumes an investor will maintain operating efficiencies and gain additional business upon completion of the PIP.

Investment Highlights

  • 11% Cap Rate on Actual Numbers
  • Property Consistently Outperforms its Comp Set
  • Minutes to Gila National Forest | ~390k Visitors Per Year
  • Nearby Attractions Include Western NM University Museum, Silver City Museum, The Big Ditch & Chino/Santa Rita Copper Mines
  • 1 Mile to Gila Regional Medical Center
  • 3 Miles to Western New Mexico University, the City's Top Employer

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Hotel-Motel

Holiday Inn Express Silver City

Listing Price: $6,600,000

Cap Rate
9.30%
Number of Rooms
73
RevPAR
$67
Gross SF
38,988
Price/Room
$90,411
RRM
3.70
Price/Gross SF
$169.28
Year Built
1999

Investment Highlights

  • 11% Cap Rate on Actual Numbers
  • Property Consistently Outperforms its Comp Set
  • Minutes to Gila National Forest | ~390k Visitors Per Year
  • Nearby Attractions Include Western NM University Museum, Silver City Museum, The Big Ditch & Chino/Santa Rita Copper Mines
  • 1 Mile to Gila Regional Medical Center
  • 3 Miles to Western New Mexico University, the City's Top Employer

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn Express Silver City, a three-story limited service hotel conveniently located off of U.S. Route 180 in Silver City, New Mexico. The hotel consists of 73 rooms with close proximity to Western New Mexico University and Gila Regional Medical Center. Amenities include a seasonal outdoor pool, fitness center, complimentary breakfast buffet and guest laundry facilities. Business amenities include a business center and 725 square feet of meeting space. The Holiday Inn Express Silver City is located minutes to the 3.3 million-acre Gila National Forest, New Mexico's largest designated wilderness area. Local businesses benefit from the forest's ~390,000 visitors per year, with visitor spending of about $13.5M annually. Additional demand for the property is transient or is generated from the university, hospital, firefighters fighting forest fires and the nearby copper mines, which make up approximately 33% of the property's business. The Holiday Inn Express Silver City represents the opportunity to acquire an IHG-branded hotel in Southwestern New Mexico. The property has consistently outperformed its comp set and is currently performing at an 11.4% cap rate on actual numbers. Our Pro Forma analysis assumes an investor will maintain operating efficiencies and gain additional business upon completion of the PIP.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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