Listing Agents
Michael Sheppard
T | 505.515.1850
msheppard@paramountlodging.com
Subu Thiagarajan
T | 510.205.7931
subu@paramountlodging.com
DRE#01891134
Detailed Information
Location
Property Highlights
- Fee simple interest in the 88-room Hampton Inn & Suites by Hilton Albuquerque – Coors Road
- Institutionally-owned and available unencumbered by management
- Asset is being offered for sale through a traditional marketing process
- Readily financeable with strong in-place yield and ~ $120+ RevPAR
- Premium-branded, upper midscale asset in Albuquerque, New Mexico, the state’s largest MSA
- Ability to retain Hilton flag with a new long-term license upon completion of the change-of-ownership PIP
- Less than 3.5 miles from Albuquerque’s cultural center, Old Town, which offers over 100 shops, galleries and restaurants
- Proximate to a multitude of transient demand drivers including the Indian Pueblo Cultural Center, the NM Museum of Natural History and Science, the Albuquerque Museum, Botanical Gardens, Aquarium and Zoo
- Less than 2 miles from the stunning Rio Grande, which boasts year-round trail hiking, biking, kayaking, canoeing and more with stunning views of the Sandia Mountains
- Immediately adjacent to the City’s primary east/west thoroughfare, I-40, and primary north/south arterial roadway (west of the Rio Grande), Coors Road
- Highly visible and accessible from one of the City’s most imperative roadway junctions, with an average of over 150,000+ vehicles passing the location daily
- Ideal time to invest in New Mexico’s most populous city (MSA population ~ 1MM) amidst major investment by companies including Facebook, Amazon and Netflix