Best Western Plus Executive Suites
Commercial real estate listings in Albuquerque, NM 87111, USA
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Listing was updated on: 11/06/2022
Price: 9000000.00
location icon 4630 Pan American Fwy NE, Albuquerque, NM 87109, USA
Hospitality for Sale
from June 28, 2022
Description

LocationHotel is located on the north end of Albuquerque just off Interstate 25. It is located close to the Albuquerque International Airport, Old Town, Sandia Peak Tramway, Nuclear Museum, the University of New Mexico and the Lovelace Woman's Hospital.SaleNewGen Advisory is pleased to offer for sale the Best Western Plus Executive Suites in Albuquerque, New Mexico. The hotel is conveniently located close to the Albuquerque International Airport, Old Town, Sandia Peak Tramway, Nuclear Museum, the University of New Mexico and the Lovelace Woman's Hospital.

The hotel offers 89 two-room suites, each with a microwave and refrigerator. Additional amenities at this property include an indoor heated swimming pool with hot tub, fitness center, a full-service business center and meeting facilities.

At the end of April 2022, the hotel's revenue in the trailing 12 months were exceeding the 2019 revenues. The ADR for the hotel continues to increase over the 2019 rates however, the hotel's current ADR is still significantly below its competitive set and the average of the other Upscale and Upper Midscale hotels in the submarket. With a comprehensive rate management and occupancy building strategy in place, the new owner has an opportunity to significantly enhance the financial performance of the hotel.

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Best Western Plus Executive Suites 1069245

4630 Pan American Fwy NE, Albuquerque, NM 87109, USA

Price: 9000000.00

SqFt: Inquire -- Hospitality for Sale

Best Western Plus Executive Suites 1069245

4630 Pan American Fwy NE, Albuquerque, NM 87109, USA

Price: 9000000.00

SqFt: Inquire -- Hospitality for Sale

Will Co-Broke
Best Western Plus Executive Suites

4630 Pan American Freeway NE, Albuquerque, NM, US

SqFt: Inquire -- Hospitality for Sale

The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.