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Quality Inn & Suites Hotel for Sale
Albuquerque, New Mexico
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Property Description
The Quality Inn Hotel for sale is located off of Interstate 40 on Hotel Circle in Albuquerque, NM 87123.
The hotel for sale is situated next to several restaurants, shopping, Los Altos Golf Course, and Los Altos Softball Complex. |
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The property is within close proximity to Uptown and only five miles to Downtown and Old Town. The Albuquerque International Sunport is approximately six miles away.
The Quality Inn can be purchased with the adjacent Econo Lodge. |
| Two-story, interior corridor building consists of 104 guest rooms and has undergone several improvements including new toilets, new light and bath fixtures, granite countertops, drapes, bedding, laundry equipment, and paint. |
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Amenities:
- Complimentary deluxe continental breakfast
- Malarkey’s Pub On-Site
- Room service and laundry facility
- Microwave ovens, refrigerators, iron, hairdryer, coffee maker, cable TV
- Close to NM State Fairgrounds, Downs Racetrack and Casino, University of New Mexico, Kirtland AFB, Sandia National Laboratories
- Potential to convert to a Comfort Inn
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| The hotel property features an outdoor swimming pool and hot tub. |
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Quality Inn and Suites Hotel sits on approximately 3+/- acres of land. |
Financial Summary
| Price |
$4,500,000 |
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| Number of Units |
104 |
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| 12 Months Ending |
T12 10/07 |
12/2007 |
12/2006 |
| Room Revenue |
$1,102,422 |
$1,060,837 |
$1,077,607 |
| Total Revenue |
$1,187,422 |
$1,138,384 |
$1,176,675 |
| Occupancy |
63% |
56% |
56% |
| Average Daily Rate |
$51 |
$52 |
$52 |
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