Motel 6 Albuquerque

$1,700,000

1701 University Blvd NE, Albuquerque, NM 87102

Details

  • $1,700,000
  • Economy

Investment Overview:
Marcus & Millichap is pleased to exclusively offer the Motel 6 Midtown Albuquerque for Fee Simple interest at $1,700,000 or $14,529 per key. Leasehold purchase is available as well on a 10-year ground lease. Please contact agent for additional details. The property is situated close to multiple room demand generators including the Sandia Resort & Casino, Albuquerque International Balloon Fiesta, and the University of New Mexico. The motel is strategically situated along Interstate 40 and Interstate 25. Currently, the asset is a corporately owned and operated by G6 Hospitality . The hotel presents a prime opportunity for an aggressive owner/operator to optimize operations and significantly increase the NOI. The motel currently consists of 117 rooms, and the recently renovated property offers an easy franchise change upon sale for the new investor; however, Motel 6 flag will not be available to new buyer.

Property Overview:
The Motel 6 Midtown Albuquerque offers multiple guest room and common area amenities. The guest rooms include a micro-fridge, Wi-Fi and high-speed internet, work/vanity station, and television. The common area amenities include an outdoor pool, laundry facilities and on-site parking.

Location Overview:
Albuquerque, New Mexico, is seated in Bernalillo County, and the most populous city in the state. The 2018 Travel + Leisure Magazine rated the city as one of the 50 Best Places to Travel, and there are a variety of museums and cultural centers, wineries, entertainment facilities, outdoor activities, and casinos available for leisure travelers. Within minutes of the Motel 6 Midtown Albuquerque are a number of room demand generator including the Sandia Casino & Resort, Albuquerque International Balloon Festival, the Isotopes minor league baseball stadium, and the University of New Mexico. There are also business demand generators within a 15-mile radius, such as the Sandia National Laboratories and Kirtland Air Force Base. The Albuquerque International Sunport airport is six miles from Motel 6 Midtown Albuquerque and welcomes nearly five million travelers a year.

Broker of Record:
Matt Reeves
New Mexico
License:  NM  19583

Agent for this listing

Joseph Jaques

Associate, National Hospitality Group
Office: (972) 755-5171
Mobile: (979) 229-7673
Fax: (972) 755-5210
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