Super 8 by Wyndham Las Cruces University Area | 245 La Posada Ln
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Super 8 by Wyndham Las Cruces University Area 245 La Posada Ln
56 Room Hotel Las Cruces, NM 88005 $3,164,400 CAD ($56,507 CAD/Room) 12.50% Cap Rate
Investment Highlights
- - 300k in recent CapEx including new roof
- - 43k per key including minimal PIP
- - Consistent YoY revenue growth
- - Includes two-bed/two-bath manager's suite
- - Less than $1000 PIP per key due to buyer
Executive Summary
To view offering summary and due diligence please visit https://super8lascrucesuniversityarea.sharplaunch.com/ or contact Johnny Casler directly at (919) 606-2263 for more information.
Marcus & Millichap has been selected to exclusively market for sale the Super 8 by Wyndham in Las Cruces, New Mexico in University Area. This three-story interior corridor property has 53 rooms including an ADA room which sits on a 1.6-acre parcel. This property recently underwent $300K in CapEx including a new roof, and offers 24-Hour front desk, free Wi-Fi, breakfast, parking and room amenities such as flat screen television, coffee and tea maker, and pet-friendly options.
Conveniently located off the I-10 averaging ±37,000 cars daily, their setting near New Mexico State University puts you near other great attractions in the surrounding area, such as the Pan America Center, Las Cruces Convention Center, and the Zuhl Museum all less than 10 miles from the property.
Marcus & Millichap has been selected to exclusively market for sale the Super 8 by Wyndham in Las Cruces, New Mexico in University Area. This three-story interior corridor property has 53 rooms including an ADA room which sits on a 1.6-acre parcel. This property recently underwent $300K in CapEx including a new roof, and offers 24-Hour front desk, free Wi-Fi, breakfast, parking and room amenities such as flat screen television, coffee and tea maker, and pet-friendly options.
Conveniently located off the I-10 averaging ±37,000 cars daily, their setting near New Mexico State University puts you near other great attractions in the surrounding area, such as the Pan America Center, Las Cruces Convention Center, and the Zuhl Museum all less than 10 miles from the property.
Property Facts
| Price | $3,164,400 CAD | Lot Size | 1.06 AC |
| Price Per Room | $56,507 CAD | Building Size | 22,473 SF |
| Sale Type | Investment | No. Rooms | 56 |
| Cap Rate | 12.50% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1981/2013 |
| Property Subtype | Hotel | Parking Ratio | 2.63/1,000 SF |
| Building Class | C | Corridor | Interior |
| Price | $3,164,400 CAD |
| Price Per Room | $56,507 CAD |
| Sale Type | Investment |
| Cap Rate | 12.50% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.06 AC |
| Building Size | 22,473 SF |
| No. Rooms | 56 |
| No. Stories | 3 |
| Year Built/Renovated | 1981/2013 |
| Parking Ratio | 2.63/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 1 | $154.70 CAD | - |
| Guest Room | 55 | $104.07 CAD | - |
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PROPERTY TAXES
| Parcel Number | 02-07839 | Improvements Assessment | $532,745 CAD |
| Land Assessment | $65,132 CAD | Total Assessment | $597,877 CAD |
PROPERTY TAXES
Parcel Number
02-07839
Land Assessment
$65,132 CAD
Improvements Assessment
$532,745 CAD
Total Assessment
$597,877 CAD
zoning
| Zoning Code | C2 (Commercial Retail Office) |
| C2 (Commercial Retail Office) |
-
Josh Tammen -
John Casler -
Ryan Sarbinoff -
Marcus & Millichap
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Super 8 by Wyndham Las Cruces University Area | 245 La Posada Ln
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