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Independent Inn for Sale
Albuquerque, New Mexico
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Property Description
Located off Interstate 40 on Central Avenue (Route 66) in Albuquerque, NM 87123.
The hotel is situated next to several restaurants, shopping, and entertainment.
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The property is within close proximity to Uptown and only seven miles to Downtown and Old Town.
The Albuquerque International Sunport is approximately ten miles away. Hike and ski in the nearby Cibola National Forest. |
| The property features an outdoor swimming pool and hot tub. |
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Two-story exterior corridor building consists of 122 guest rooms and has undergone several improvements including new carpet, newer furniture, interior & exterior paint as well as new HVAC units in 60 rooms.
The Deluxe Inn sits on approximately 4+/- acres. |
Amenities:
- Complimentary continental breakfast
- Electronic Locks
- Close to NM State Fairgrounds, Downs Racetrack and Casino, University of New Mexico, Kirtland AFB, Sandia National Laboratories
- Potential to convert to a Travelodge or Days Inn
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Financial Summary
| Price |
$2,500,000 Cash |
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| Number of Units |
122 |
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| 12 Months Ending |
12/2007 |
12/2006 |
| Pro Forma |
$753,916 |
$747,675 |
| Room Revenue |
$564,567 |
$532,664 |
| Occupancy |
63% |
56% |
| Average Daily Rate |
$32 |
$30 |
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