La Quinta Inn & Suites - Deming

Property Description
Main image Sold
Located: Deming, New Mexico
Offering Price: $2,950,000.00
Net Operating Income: $0.00
Financing: Possible Assumption of existing loan
Room Revenue: $902,582.00
Renovated: On Going
Number of Units:
Land Area: Includes 2 Acres Additional Land for Future Development
Built: 2005


Summary

The Property is strategically located off I-10 at exit 85, on East Pine Street, which offers excellent accessibility and visibility. Additionally, the Hotel is located across from t he Deming Municipal Airport. The Property is made up of one three-story interior corridor structure. The public spaces, including the guest registration and lobby, fitness center, separate breakfast area, meeting space, and administrative offices are located on the first floor. Each of the 58 guestrooms features cable TV, complimentary high speed Internet, work desk, microwave, coffee/tea maker, touchtone phone with Voicemail, hairdryer, alarm clock, iron and ironing board, and individually controlled air-conditioning. The Hotel’s guestrooms are located on the first, second and third floor. SELLER IS VERY MOTIVATED BRING ALL OFFERS!!!

Highlights

  • 58 Units , Opened 2005
  • $902,582 Revenue
  • 3.27X Revenue
  • Outdoor Pool & Jacuzzi
  • Great Upside Potential For Owner Operator
  • Includes 2 Acres Additional Land for Future Development
  • POSSIBLE EXISTING LOAN ASSUMPTION

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