Price Reduced: $3,700,000 – Motivated seller ready to meet the market!
Franchise Approved for Conversion to SureStay Plus by Best Western
Major PIP Underway with lobby and breakfast areas completed; rooms in progress
2024 Revenues priced at 3x RRM, $38,542 per room, with 11.8% Cap Rate!
20.3% Cash-on-Cash Return with current SBA market rates and 20% down
96-Unit, 2-Story Exterior corridor, well maintained building located on 4.75-acre lot!
'Pride of Super 8' AWARD WINNER every year since 2015 – demonstrating consistent quality and excellence
Well placed with highway visibility along US-84
Near key attractions such as Canon Air Force Base and Curry County Events Center
Major Local Contract: Guaranteed 600 room nights per month, providing reliable, consistent business
Located in an OPPORTUNITY ZONE – offering tax advantages for investors!
Location Summary
The Super 8 by Wyndham Clovis is strategically located near key attractions, including Clovis Community College, Eastern New Mexico University, and the Curry County Events Center, ensuring strong year-round demand from a diverse range of travelers, such as students, faculty, event attendees, and leisure visitors. Additionally, its proximity to Cannon Air Force Base provides steady business from military personnel, contractors, and families. The area's economic growth, driven by renewable energy projects like the EPCOR USA solar facility, enhances operating efficiency, while the Southwest Cheese Plant supports steady demand from its workforce and visitors. Notably, the property is located within a federally designated OPPORTUNITY ZONE, offering investors potential tax incentives and long-term financial benefits. These factors combine to offer a stable and profitable opportunity for hotel ownership.
