Econo Lodge Downtown Albuquerque, NM

Listing Agents

Michael Sheppard
T | 505.515.1850
msheppard@paramountlodging.com

Ray Regan
T | 505.220.0460
rregan@paramountlodging.com

Hunter Johnson
T | 970.880.0621
hunter@paramountlodging.com

Detailed Information
Property Highlights
  • Fee simple interest in the 50-room Econo Lodge Downtown Albuquerque offered through a traditional sale process
  • Opportunity to acquire irreplaceable real estate in New Mexico‚Äôs largest city for the first time in over 30 years
  • Offered unencumbered of management with short term franchise agreement in place, providing prospective owner with longer term brand positioning optionality
  • Strategic location relative to major demand drivers including Presbyterian Hospital and the Heart Hospital of New Mexico, the University of New Mexico, the Albuquerque International Sunport and Interstate 25.
  • Strong in-place cash flow with year-over-year gains in RevPAR index making the asset readily financeable
  • Optimal market positioning at the intersection of Interstate 25 and Central Ave. (Route 66) with upwards of 150,000 vehicles passing the location daily
  • Ideal time to invest in Albuquerque, the 32nd largest city in the country, amidst major investment by companies including Facebook, Amazon and Netflix
  • Less than five miles from the Albuquerque International Sunport (5.5MM +/- visitors annually), presently undergoing a $90MM +/- renovation, and across the street from Presbyterian Hospital, which just added 144 beds in an 11-story tower costing approximately $260MM
Location

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