2210 Pierce StCarlsbad, NM 88220

Property Details for 2210 Pierce St

Year built

2007

Property size (Sq ft)

46,480 SF

Property type

Hospitality properties

Property subtype

Other hospitality properties

Description

This exceptional 80-key Holiday Inn Express & Suites in Carlsbad, New Mexico presents a compelling investment opportunity. The property boasts 46,480 square feet across a three-story building, constructed in 2007 and extensively renovated in 2018 for $2,200,000, implementing the Formula Blue design. This renovation ensures minimal future capital expenditures for the buyer. The hotel's strong performance is evident in its impressive financial figures: 2023 room revenue reached $3,784,517.90, while the trailing twelve months (TTM) August 2024 room revenue totaled $2,555,381.34. August 2024 year-to-date key performance indicators (KPIs) show an occupancy rate of 104.2%, an average daily rate (ADR) of 116.3%, and a revenue per available room (RevPAR) of 121.2%. The hotel's prime location in Eddy County, at 2210 W Pierce St, zip code 88220, offers convenient access to local attractions such as the Living Desert Zoo and Gardens State Park and Carlsbad Caverns National Park. Carlsbad's status as a significant hub within the Permian Basin's oil and gas industry further enhances the property's investment appeal. The asking price for this Core+ investment is $13,000,000.

Location Insight

City

Carlsbad

County

Eddy

State

New Mexico

Latitude

32.4393

Longitude

-104.253

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].