7518 Remcon Cir | El Paso, TX 79912
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7518 Remcon Cir
El Paso, TX 79912
SpringHill Suites El Paso · Hospitality Property For Sale · 68,759 SF
Investment Highlights
- Fee simple interest in the institutionally owned and managed 103-key SpringHill Suites by Marriott El Paso.
- 7518 Remcon Circle was built in 2008 and renovated in 2016 and will be delivered unencumbered of debt and management.
- Optimal location nine miles north of downtown, with access to the University of Texas at El Paso and Sunland Park Race Track and Casino.
- The 95-key Fairfield Inn & Suites is also being offered, allowing buyers to acquire both hotels and capitalize on operating synergies.
- Strong historical operating performance with YTD October 2022 Revenue surpassing 2019 levels by 12%.
- Other area demand drivers include El Paso Zoo, El Paso Museum of Art, Fort Bliss, National Border Patrol Museum, and Franklin Mountains State Park.
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 4 |
| Property Subtype | Hotel | Year Built/Renovated | 2008/2016 |
| Building Class | B | Tenancy | Single |
| Lot Size | 2.35 AC | Parking Ratio | 1.19/1,000 SF |
| Building Size | 68,759 SF | Corridor | Interior |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.35 AC |
| Building Size | 68,759 SF |
| No. Stories | 4 |
| Year Built/Renovated | 2008/2016 |
| Tenancy | Single |
| Parking Ratio | 1.19/1,000 SF |
| Corridor | Interior |
Amenities
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
PROPERTY TAXES
| Parcel Number | W138-999-0040-7575 | Improvements Assessment | $11,433,208 |
| Land Assessment | $1,936,369 | Total Assessment | $13,369,577 |
PROPERTY TAXES
Parcel Number
W138-999-0040-7575
Land Assessment
$1,936,369
Improvements Assessment
$11,433,208
Total Assessment
$13,369,577
zoning
| Zoning Code | C3 |
| C3 |
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