2210 West Pierce Street Carlsbad, NM 88220

Exceptional investment opportunity: The Holiday Inn Express in Carlsbad, New Mexico, presents a compelling prospect for hospitality investors. This 80-unit hotel boasts a recent, extensive renovation completed in 2018, incorporating the Formula Blue design, totaling $2,200,000 in capital expenditures. The property features 46,480 square feet of modernized accommodations designed for enhanced guest comfort. Its prime location offers convenient access to popular local attractions such as the Living Desert Zoo and Gardens State Park and the renowned Carlsbad Caverns National Park. Carlsbad's status as a significant hub within the Permian Basin's oil and gas industry further strengthens the property's potential. The hotel's strong financial performance is evident in its impressive revenue figures: $3,784,517.90 in room revenue for 2023 and $3,154,279.56 in room revenue (TTM Oct 2024). August 2024 year-to-date key performance indicators (KPIs) show occupancy at 104.2%, average daily rate (ADR) at 116.3%, and revenue per available room (RevPAR) at 121.2%. The substantial renovations minimize future capital expenditure needs for the buyer, presenting a turnkey operation with significant upside potential. This well-maintained property offers a welcoming atmosphere and updated amenities, making it an ideal choice for investors seeking a strong return on investment in a vibrant and attractive location. The property is located at 2210 West Pierce Street, Carlsbad, NM 88220, and is offered at $1,300,000.