Hotels for Sale

Sleep Inn and Quality Suites El Paso, TX

Address:
El Paso, Texas
Description:

UNDER CONTRACT

  • Fee-simple interest in the institutionally owned and third-party managed 63-room Sleep Inn University and 61-room Quality Suites University offered at a fraction of replacement cost
  • Properties offered for sale through Ten-X in the March 21st auction
  • Available unencumbered of debt and third-party management with the ability to retain the Sleep Inn and Quality Suites brands
  • Minimal change of ownership PIP expected with approximately $2.3MM (~$19k per key) of total renovation completed in recent years
  • Strong operating economies of scale by owning both University market Choice assets and the opportunity to operate with a shared labor pool on both properties
  • Adjacent to Interstate 10 with direct accessibility to Sunland Park Drive and upwards of 110,000 vehicles passing the intersection daily
  • Optimal location just north of downtown El Paso with easy accessibility to the University of Texas at El Paso and Sunland Park Race Track and Casino
  • Within walking distance of numerous full-service nationally recognized restaurants
  • Proximate to all broader El Paso area demand including downtown El Paso, El Paso Zoo, El Paso Museum of Art, Fort Bliss, National Border Patrol Museum, and Franklin Mountains State Park

Listing Agents

Kami Burnette
T | 512.831.5605
Email

Subu Thiagarajan
T: 510.205.7931
Email
DRE #01891134

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