Listing Agents
Michael Sheppard
T | 505.515.1850
msheppard@paramountlodging.com
Subu Thiagarajan
T | 510.205.7931
subu@paramountlodging.com
DRE#01891134
Ray Regan
T | 505.220.0460
rregan@paramountlodging.com
Adam Montufar
T | 515.446.4181
amontufar@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the 114-room Hilton Garden Inn Las Cruces, NM offered through a traditional sale process
- Opportunity to acquire a core-branded Hilton asset in New Mexico’s second largest city at an attractive discount to replacement cost
- Offered unencumbered of management with ability to complete the PIP and retain the Hilton Garden Inn flag through a long-term relicense agreement with Hilton
- This one-of-a-kind Hilton Garden Inn features a distinct Southwestern-style design with terracotta roofing, stucco exteriors, and pronounced archways and windows that embody New Mexico’s vibrant cultural identity
- Perennial market ADR leader with a T12 RevPar of $90+ and strong in-place cashflow making the hotel readily financeable
- Optimal location in the heart of Las Cruces at the intersection of Interstate 25 & University Ave. with upwards of 48,000 vehicles passing the location daily
- Adjacent to Memorial Medical Center and less than two miles from New Mexico State University with over 14,000 enrolled students and a dedicated alumni base of 140,000+
- Convenient to all regional demand including Virgin Galactic and Spaceport America, White Sands Missile Range Army testing facility, NASA White Sands testing facility, White Sands National Park, and Aggie Memorial Stadium
- Virgin Galactic Holding Inc. launched its first commercial flight to the edge of space in June 2023, a monumental feat for the space tourism company that operates from the Spaceport America facility near Las Cruces, the world’s first purpose-built spaceport