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Econo Lodge Hotel for Sale
Albuquerque, New Mexico
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Property Description
This Econo Lodge Hotel for sale is located off Interstate 40 on Hotel Circle in Albuquerque, NM 87123.
The hotel is situated next to several restaurants, shopping, Los Altos Golf Course, and Los Altos Softball Complex.
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The hotel property is within close proximity to Uptown and only five miles to Downtown and Old Town.
The Albuquerque International Sunport is approximately six miles away.
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| The Econo Lodge can be purchased with the adjacent Quality Inn & Suites. |
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Two-story, exterior corridor Econo Lodge building consists of 97 guest rooms |
| The Econo Lodge has undergone several improvements including new light and bath fixtures, granite countertops, drapes, bedding, laundry equipment, and paint. |
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Amenities:
- Complimentary continental breakfast
- Wireless Internet
- Truck and bus parking
- Close to NM State Fairgrounds, Downs Racetrack and Casino, University of New Mexico, Kirtland AFB, Sandia National Laboratories
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The Econo Lodge Hotel sits on approximately 2+/- acres of land.
The property shares an outdoor swimming pool and hot tub with the Quality Inn. |
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Financial Summary
| Price |
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$2,900,000 |
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| Number of Units |
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97 |
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| 12 Months Ending |
Trailing 12 10/07 |
12/2007 |
12/2006 |
| Room Revenue |
$634,124 |
$621,027 |
$658,499 |
| Misc. Revenue |
$14,336 |
$23,191 |
$13.242 |
| Total Revenue |
$648,460 |
$644,218 |
$671,741 |
| Occupancy |
56% |
46% |
53% |
| Average Daily Rate |
$37.46 |
$37.76 |
$35.40 |
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