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Hotel-Motel

Holiday Inn & Suites Albuquerque Airport

1501 Sunport Pl SE, Albuquerque, NM 87106

Listing Price: $10,250,000

Cap Rate
8.30%
Number of Rooms
121
RevPAR
$71
Gross SF
78,019
Price/Room
$84,711
RRM
3.20
Price/Gross SF
$131.38
Year Built
2005

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn & Suites Albuquerque Airport, a four-story full service hotel conveniently located off of Interstate 25 in Albuquerque, the largest city in New Mexico. The hotel's 121 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include an onsite restaurant, onsite lounge, heated indoor pool & spa, meeting space, business center, fitness center and guest laundry facilities. The property is ideally located at the entrance to Albuquerque International Sunport, which welcomed more than 5.4 million passengers in 2019. Downtown Albuquerque, Albuquerque Convention Center and The University of New Mexico are less than 10 minutes from the hotel. Albuquerque's economy is supported by large companies such as Sandia National Laboratories, a government-owned research center operated by Lockheed Martin, as well as Intel Corp., Schott Solar, Thomas & Betts, General Mills and Tempur-Pedic. Most recently, the city announced the addition of Netflix Studios expansion as well as the addition of aerospace firm Orion, creating 4,000 new jobs in the market. The Holiday Inn & Suites Albuquerque Airport represents the opportunity to acquire an IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Albuquerque region.

Investment Highlights

  • Recently Renovated in 2019
  • Located at the Entrance to Albuquerque International Sunport
  • 2 Miles to The University of New Mexico (25k+ Enrollment)
  • 4 Miles to Lovelace Medical Center, VA Medical Center & UNM Hospital
  • 9 Miles to Kirtland Air Force Base, the 3rd-Largest Installation in the Air Force Material Command, Employing More than 22,000 People
  • Within 5 Miles of the Expanding Netflix Studios and the Orion Aerospace Center Development
  • Nearby Attractions Include ABQ BioPark Botanic Garden, Isleta Amphitheater, Explora Science Center & Albuquerque International Balloon Fiesta
  • Excellent Location Off of Interstate 25 | Only 10 Minutes to Downtown Albuquerque

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s) NM: 19583

    New Mexico

Hotel-Motel

Holiday Inn & Suites Albuquerque Airport

Listing Price: $10,250,000

Cap Rate
8.30%
Number of Rooms
121
RevPAR
$71
Gross SF
78,019
Price/Room
$84,711
RRM
3.20
Price/Gross SF
$131.38
Year Built
2005

Investment Highlights

  • Recently Renovated in 2019
  • Located at the Entrance to Albuquerque International Sunport
  • 2 Miles to The University of New Mexico (25k+ Enrollment)
  • 4 Miles to Lovelace Medical Center, VA Medical Center & UNM Hospital
  • 9 Miles to Kirtland Air Force Base, the 3rd-Largest Installation in the Air Force Material Command, Employing More than 22,000 People
  • Within 5 Miles of the Expanding Netflix Studios and the Orion Aerospace Center Development
  • Nearby Attractions Include ABQ BioPark Botanic Garden, Isleta Amphitheater, Explora Science Center & Albuquerque International Balloon Fiesta
  • Excellent Location Off of Interstate 25 | Only 10 Minutes to Downtown Albuquerque

Investment Overview

Marcus & Millichap has been chosen to exclusively market for sale the Holiday Inn & Suites Albuquerque Airport, a four-story full service hotel conveniently located off of Interstate 25 in Albuquerque, the largest city in New Mexico. The hotel's 121 guest rooms include a flat-screen TV, work desk, refrigerator, microwave and coffee maker. Hotel amenities include an onsite restaurant, onsite lounge, heated indoor pool & spa, meeting space, business center, fitness center and guest laundry facilities. The property is ideally located at the entrance to Albuquerque International Sunport, which welcomed more than 5.4 million passengers in 2019. Downtown Albuquerque, Albuquerque Convention Center and The University of New Mexico are less than 10 minutes from the hotel. Albuquerque's economy is supported by large companies such as Sandia National Laboratories, a government-owned research center operated by Lockheed Martin, as well as Intel Corp., Schott Solar, Thomas & Betts, General Mills and Tempur-Pedic. Most recently, the city announced the addition of Netflix Studios expansion as well as the addition of aerospace firm Orion, creating 4,000 new jobs in the market. The Holiday Inn & Suites Albuquerque Airport represents the opportunity to acquire an IHG-branded hotel in a desirable market near several demand drivers. Our Pro Forma analysis assumes market recovery to pre-pandemic levels by year two, then continued modest growth supported by the increasing population and demand growth in the Albuquerque region.

Exclusively Listed By

Broker of Record

  • Matt Reeves

    Senior Associate

    (505) 445-6333

    License(s): NM: 19583

    New Mexico

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