Major renovation recently completed in March 2024, with little to no PIP for new owner
2024 Revenues priced under 3x RRM, under $59,000 per room, and 11.5% Cap Rate
Property continues to stabilize after renovation with a strong increase in 2024 revenue
Exterior corridor; 2-Story; 90-Unit well maintained building located on 2.43-acre lot
Buyer has the option to continue operations as Quality Inn & Suites or property is approved for conversion to SureStay Plus with minimal PIP requirements
Located in high traffic area within Alamogordo, nearby highway junction 70 & 54
In proximity to renowned White Sands National Park and Holloman Air Force Base
Location Summary
Conveniently situated near the junction of Highway 70 and Highway 54, this property presents a compelling opportunity thanks to its prime location near popular destinations such as White Sands National Park and the New Mexico Museum of Space History. The Quality Inn & Suites has steady occupancy, attracting a diverse mix of leisure travelers, military personnel, construction workers, and regional visitors. Guests will also find dining and entertainment options conveniently within walking distance.
