6655 Gateway BlvdEl Paso, TX 79925
- Hospitality properties
- 104,592 SF
Property Details for 6655 Gateway Blvd
- Year built
- 1963
- Lot size
- 3.90 AC
- Property size (Sq ft)
- 104,592 SF
- Zone code
- C3
- Property type
- Hospitality properties
- Property subtype
- Motels
- APN
- I427-999-0010-4500
- APU
- I42799900104500
Description
This exceptional investment opportunity presents a fee-simple ownership of the Best Western Plus El Paso Airport Hotel & Conference Center. Located in El Paso, Texas, at 6655 Gateway Blvd W, zip code 79925, this two-story hotel features 132 keys within a 104,591 square foot building constructed in 1963 and renovated in 2017. The property benefits from its strategic location in El Paso County, a major metropolitan area situated at the intersection of three states (Texas, New Mexico, and Chihuahua, Mexico) and boasts a significant bilingual and binational workforce. El Paso's robust economy and its position within the Paso del Norte/Borderplex region, a combined international metropolitan area with over 2.7 million people, contribute to strong demand for hospitality services. The hotel itself offers a substantial 4771 square foot event space, ideal for weddings and conferences, further enhancing its revenue potential. The property's strong performance is evidenced by its nearly 88% occupancy rate and a year-to-date RevPAR of $85.62, projecting near $4.125 million in revenue by year-end. This represents a rare opportunity to acquire a well-established, high-performing hotel in a dynamic and growing market. Detailed financial information and due diligence documents are available upon request with proof of funds.
Location Insight
- City
- El Paso
- County
- El Paso
- State
- Texas
- Latitude
- 31.7798
- Longitude
- -106.393
- CBSA code
- 21340
- CBSA name
- EL PASO, TX METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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