Courtyard by Marriott Albuquerque Airport

Listing Agents

Michael Sheppard
T | 505.515.1850
msheppard@paramountlodging.com

Brent Clemens
312.402.2959
bclemens@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the 150-room Courtyard by Marriott Albuquerque Airport
  • Asset is being offered for sale through a traditional marketing process
  • Property has year-over-year RevPAR gains of nearly 9% and strong in-place cash flow allowing immediate walk-in yield
  • Unique opportunity conveying new ownership a ~$3.1MM ($21k/key) CapEx Reserve to apply towards a new Marriott change of ownership PIP for a relicense under a new long-term Courtyard flag
  • Proximate to major healthcare demand, including Lovelace Medical Center and Lovelace Heart Hospital, the University of New Mexico Hospital, Presbyterian Hospital and the New Mexico Veterans Hospital
  • Located minutes from the main campuses of the University of New Mexico and Central New Mexico Community College
  • Strategically positioned relative to local and regional corporate demand including Sandia National Labs, Maxeon Solar Technologies (new), Netflix ABQ Studios, Star Scientific (new) and NM Scientific Laboratories
  • Less than 1.5 miles from Interstate 25, the primary north/south thoroughfare with an average of over 150,000 vehicles passing the intersection of I-25 and Gibson Blvd. daily
  • Readily accessible to the Albuquerque International Sunport (over 5MM visitors last year), presently undergoing a $90MM +/- renovation
  • Ideal time to invest in New Mexico‚Äôs most populous city (MSA population just under 1MM) amidst major investment by companies including Facebook, Amazon and Netflix
Location

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