For Sale
$10,659,000

900 Yarbrough DrEl Paso, TX 79915

187-key hotel, high cap rate, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 187-key hotel presents a compelling investment opportunity in El Paso, Texas. Boasting a substantial 89,472 square feet, the property is situated on a 3.8-acre lot and features three stories with exterior corridors. Built in 1985 and renovated in 2020, this limited-service hotel offers a strong net operating income (NOI) of $1,132,252, translating to a highly attractive 10.62% capitalization rate. The asking price is $10,659,000, or $57,000 per key. Conveniently located near El Paso International Airport (ELP), with easy access to Interstate 10, the hotel benefits from proximity to numerous restaurants and retail establishments, including Applebee's, Pizza Hut, Circle K, and McDonald's. The property is zoned C and offers significant potential for continued success in a thriving market. This is a rare chance to acquire a well-maintained, high-performing hotel with excellent location and strong financial metrics. The property's size, location, and strong NOI make it an ideal addition to any investment portfolio. The recent renovation ensures the hotel is well-equipped to meet current market demands.

Highlights

  • Four-minute drive to El Paso International Airport (ELP).
  • I-10 frontage.
  • Excellent retail and restaurant proximity.
  • 10.62% capitalization rate.
  • $57,000 per key money.

Property Details for 900 Yarbrough Dr

Property type
Hospitality properties, Hotels
Square Feet
89,472 SF
Year Built/Renovated
1985/2020
Stories
3
Lot Size (sq. ft)
165,528 SF

Location Insight

City
El Paso
County
El Paso
State
Texas
Latitude
31.7504566
Longitude
-106.3446775
900 Yarbrough Dr, El Paso, Texas

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900 Yarbrough Dr
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