For Sale
$1,300,000

2210 West Pierce StreetCarlsbad, NM 88220

The Holiday Inn Express – Carlsbad, NM

Overview

Added:
Jan 28
Days on market:
68
Presenting an exceptional investment opportunity in Carlsbad, NM The Holiday Inn Express – Carlsbad, NM features 80 modernized units, thoughtfully renovated in 2018 with the renowned Formula Blue design to provide guests with a fresh and contemporary experience. The spacious lobby and common areas offer a welcoming atmosphere for relaxation, while updated amenities cater to the needs of modern travelers.

The well maintained exterior and convenient access to local attractions and business centers makes this property an ideal choice for hospitality investors seeking a strong return on investment. With its prime location and the recent renovations, the Holiday Inn Express – Carlsbad, NM is poised to deliver a rewarding guest experience and promising financial performance.

The top-performing Holiday Inn Express is a standout choice for accommodations, offering exceptional service and modern amenities. Embrace the genuine charm of Carlsbad and experience all that this enchanting location has to offer.

Location Description
Discover the vibrant city of Carlsbad, NM, where stunning natural beauty meets a warm, welcoming community. The area is known for its close proximity to Carlsbad Caverns National Park, a breathtaking underground wonderland waiting to be explored. Visitors can also enjoy the Pecos River, perfect for fishing, boating, and picnicking. The city’s rich history and vibrant culture are showcased at the Carlsbad Museum & Art Center and the Living Desert Zoo & Gardens State Park.

Highlights

  • 80 modernized units for enhanced guest comfort TTM Oct 2024 room revenue: $3,154,279.56 2023 room revenue: $3,784,517.90 Aug 2024 YTD MPI: OCC $104.2% / ADR 116.3% / RevPAR 121.2% Renovated in 2018 with $2,200,000 CapEX Formula Blue PIP resulting in little to no PIP to buyer Convenient access to local attractions: Living Desert Zoo and Gardens State Park and Carlsbad Caverns National Park Carlsbad is a hub of oil and gas production in the Permian BasinOC

Property Details for 2210 West Pierce Street

Property type
Hotels, Hospitality properties
Square Feet
46,480 SF
Price / Square Foot
$27.97
Year Built/Renovated
2007/2018
Buildings
1
Stories
3
Elevators
N/A
Units
80

Location Insight

City
Carlsbad
County
State
New Mexico

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2210 West Pierce Street
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