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La Quinta Inn & Suites by Wyndham El Paso 7620 N Mesa St

103 Room Hotel El Paso, TX 79912 $8,285,175 CAD ($80,439 CAD/Room) 10.04% Cap Rate

Investment Highlights

  • 103 rooms arranged over 4 floors Interior corridors
  • El Paso International Airport (ELP) - 18 min drive
  • Renovated in 2008

Executive Summary

Introducing a prime investment opportunity: a 103-room hotel spanning across 4 floors, conveniently located for both business and leisure travelers. With interior corridors ensuring guest privacy and security, this property promises comfort and ease. Just an 18-minute drive from El Paso International Airport (ELP), guests enjoy seamless connectivity. For retail therapy, Sunland Park Mall is a mere 4-minute drive away, while excitement awaits at Sunland Park Racetrack and Casino, just 5 minutes by car.
Additionally, the vibrant Viva El Paso shows at McKelligon Canyon are within easy reach, a mere 12 miles away. Currently offered at an attractive Cap Rate, this investment opportunity is priced at $55,826 per room, making it an enticing prospect for savvy investors looking to capitalize on the thriving hospitality market. Don't miss out on this chance to own a slice of hospitality excellence in a bustling location.
Nestled in the heart of El Paso, our hotel offers convenient access to the city's key attractions and transportation hubs. Just 18 minutes from El Paso International Airport and 40 minutes from Ciudad Juarez Intl. Airport, travel couldn't be easier. Explore the area's rich history with a 10-minute drive to El Paso Union Depot or immerse yourself in retail therapy at Sunland Park Mall, only 4 minutes away.
Thrill-seekers will delight in nearby entertainment options like Sunland Park Racetrack and Casino and Western Playland Amusement Park, both within a 5-minute drive. With proximity to Fort Bliss and the University of Texas, our location blends convenience with comfort seamlessly.

Property Facts

Price $8,285,175 CAD
Price Per Room $80,439 CAD
Sale Type Investment
Cap Rate 10.04%
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.68 AC
Building Size 51,560 SF
No. Rooms 103
No. Stories 4
Year Built/Renovated 1992/2008
Tenancy Single
Parking Ratio 2.15/1,000 SF
Corridor Interior

Amenities

  • Business Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 9 $128.24 CAD -
Guest Room 94 $113.83 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
M327-999-0040-0175
Land Assessment
$844,866 CAD
Improvements Assessment
$3,535,117 CAD
Total Assessment
$4,379,983 CAD

zoning

Zoning Code C3S
C3S
  • Listing ID: 31381480

  • Date on Market: 2024-04-01

  • Last Updated:

  • Address: 7620 N Mesa St, El Paso, TX 79912

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