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La Quinta Inn & Suites - Roswell

Property DescriptionOffering MemorandumDue Diligence
Main image Off Market
Located: Roswell , New Mexico
Offering Price: $5,850,000.00
Net Operating Income: $510,306.00
Financing: Possible Assumption and SBA #504 available
Room Revenue: $1,758,000.00
Renovated: On going as required
Number of Units: 75
Land Area: 2.03 Acres +/-
Built: 2005


Summary

The property is very well located within the centre of Roswell, one block east of the intersection of Main Street and 19th Street. 75 rooms, including 14 suites. Hotel amenities include a hotel breakfast room and excercise room. The property is situated on 2.03 acres with 90 surface parking spaces. The hotel enjoys excellent access to all parts of Roswell via Main Street, and also has direct vehicular and pedestrian access to the old Post Plaza Shopping Center, making the many retail amenities located in this shopping center readily available to the hotel guests. Roswell, New Mexico's fifts largest city, serves as an economic hub for south eastern New Mexico and parts of western Texas. The business community is diverse with a strong emphasis on agriculture and aero space.

Highlights

  • 75 Units, Opened 2005
  • $1,757,057 Revenue
  • 3.38X Rev./NOI $510,306
  • Indoor Pool & Jacuzzi
  • Great Upside Potential For Owner Operator
  • Priced At 60% Of The Replacement Cost
  • S.B.A Financing Available

Contact a Broker

Licensed in:

Arizona - LC554451000

California - 01522610

Colorado - ER10003807

Georgia - 353523 (ia)


Hawaii - 19600

Idaho - LC31934

Montana - 15009

New Mexico - 17154


Nevada - 24423

New York - 10351206190

Oregon - 200005201

Texas - 0573462


Washington - 8483

Wyoming - 15400

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