Hospitality for Sale: Motel 6 Commercial Space Available in Albuquerque,NM

Hospitality for Sale: Motel 6
$2,600,000
2424 San Mateo Boulevard NEAlbuquerque, NM
ID# 4516079232 via

Description

The subject hotel is offered for sale at 3.33 times YE 2016 room revenue, or at a price of $24,528 per room. The property generated room revenue of approx $780k in 2016. The hotel's top-line revenue has been consistent over the last 3 years. The hotel presents upside opportunity to new owner via completion of PIP, mandated by the franchisor, and resulting in a projected increase in ADR and occupancy. The Motel six Albuquerque is a 106-plex, exterior corridor, economy hotel located near the intersection of I-40 and San Mateo Boulevard in Albuquerque, New Mexico. The property was converted from a La Quinta to a Motel six in 2013 and has a wood frame with stucco exterior. The hotel features ample large-vehicle parking, a coin laundry facility, an outdoor pool and wireless Internet access. Guest rooms provide conveniences like flat panel tv, work desk and wireless Internet access.

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