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Motel 6 for Sale
Carlsbad, New Mexico
Price Reduced
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Property Description
Carlsbad is located on the southeast corner of New Mexico.
Located on the beautiful Pecos River, Carlsbad, NM offers hiking, golfing, river recreation, and lots of sunshine. With the discovery of the “Bat Cave” in 1901 and the establishment of the Carlsbad Caverns National Park in 1930, Carlsbad gained international recognition. |
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Motel 6 is located at 3824 National Parks Highway. The property is a two-story building consisting of 80 guest rooms.
The property also includes a one-bedroom Manager’s living quarter with a kitchen and living room. |
The property was built in 1970 and has several renovations since then. New furniture and bathtubs were installed in all units in 2000.
In 2004 a new shingle roof was installed and in 2006 all units received new carpet, paint and micro-fridge. |
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The property has extra land of approximately 90 ft. by 300 ft.
The Motel 6 itself sits on approximately 150 ft. by 400 ft and includes an outdoor swimming pool. |
Local Business/Attractions:
- Walter Gerrell Civic Center: 0.2 mi
- Whites Animal Kingdom: 2.6 mi
- Lake Carlsbad: 4.2 mi
- NM State University Carlsbad: 6.2 mi
- Living Desert State Park: 7.1 mi
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Financial Summary
| Price Reduced |
$3,350,000 |
$2,850,000 |
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| Number of Units |
80 |
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| 12 Months Ending |
01/2009 |
10/2008 |
12/2007 |
| Room Revenue |
$929,045 |
$921,189 |
$771,762 |
| Occupancy |
74.3% |
75.9% |
71.4% |
| Average Daily Rate |
$42.77 |
$41.59 |
$36.99 |
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