Hotels for Sale

Sleep Inn University and Comfort Suites University Las Cruces, NM

Address:
Las Cruces, New Mexico
Description:
  • Fee-simple interest in the institutionally owned and third-party managed 63-room Sleep Inn University and 61-room Comfort 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 Comfort Suites brands
  • Seller has completed approximately $550k (~$4k per key) of total renovation 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 25 interchange with upwards of 42,000 vehicles passing the location daily
  • Adjacent to New Mexico State University and walking distance to all university related demand and the Las Cruces Convention Center
  • Within walking distance of numerous full-service nationally recognized restaurants
  • Proximate to all broader Las Cruces demand including White Sands Missile Range, Aggie Memorial Stadium, and Memorial Medical Center

Listing Agents

Subu Thiagarajan
T: 510.205.7931
Email
BRE #01891134

Kami Burnette
T | 512.831.5605
Email

Krishan Kumar
T: 505.216.7788
spicyProperties
BRE #18765

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