58-unit, two-story hotel with exterior corridors and all kitchenette rooms, on nearly one acre of land.
Current gross revenue of $904,771, with a 16% year-over-year increase under third-party management. NOI of $358,997, resulting in an 11.6% CAP rate.
Offers a 17.71% cash-on-cash return with current SBA market rates at 20% down.
Significant potential for a hands-on owner to improve operations, increase ADRs, and reduce expenses.
Can be delivered unencumbered by brand or converted into an Extended Stay America (ESA). Another possible option is to rebrand as Sonesta or maintain current branding with key money.
Situated in Alamogordo, New Mexico, near key attractions such as White Sands National Monument, Holloman Airforce Base, and New Mexico State University.
Location Summary
Suburban Studios Alamogordo is strategically located near several key attractions and amenities, making it an ideal choice for both leisure and business travelers. The hotel is close to White Sands National Monument, offering breathtaking views and outdoor activities. It is also near Holloman Air Force Base and New Mexico State University, providing convenient access for military personnel and students.
Guests can also explore the New Mexico Museum of Space History and the International Space Hall of Fame, both of which celebrate the region's contributions to space exploration. For nature enthusiasts, Oliver Lee Memorial State Park and Desert Foothills Park offer hiking and scenic views. Families will enjoy visiting the Alameda Park Zoo and the Toy Train Depot, which are just a short drive away.
