251 Panorama Blvd. Alamogordo, NM 88310
Introducing the Motel 6 located in Alamogordo, New Mexico.
The Motel 6 is a Two Story, 93-Unit, Limited Service, Exterior Corridor Hotel that sits on approximately 2 acres. The property is strategically positioned directly off Highway 70 and is in close proximity to local restaurants, the downtown area, and Holloman Air Force Base. The Motel 6 offers an array of amenities including a guest laundry facility, mini-fridges in select rooms, and free WiFi.
The subject property presents an ideal opportunity for an owner/operator to increase revenues by optimizing the occupancy rate in comparison to the competitive set. The Motel 6 caters to a diverse clientele, attracting local patrons, destination visitors, military personnel, and transient highway travelers.
PROPERTY DETAILS
INVESTMENT TYPE: HOTEL
BUILT: 1982/2023
ROOMS: 93 UNITS
CAP RATE: 7.66%
Priced Well Below Replacement Costs
Significant Opportunity For Revenue Growth With Considerable Upside Potential.
Financing Available to Qualified Buyers: Conventional Loan / SBA 7a / SBA 504
Ideal for Owner/Operator
Situated directly off Highway 70