Best Western Socorro Hotel & Suites | 1100 N California St
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Best Western Socorro Hotel & Suites 1100 N California St
120 Room Hotel Socorro, NM 87801 £5,727,744 (£47,731/Room) 10.86% Net Initial Yield
Investment Highlights
- Trailing 12 as of May 2024: Occ. 49.8% | ADR: 117.62 | RevPAR: 58.56
- Facilities: Indoor pool, fitness center, business center, and conference facilities catering to both leisure and business travelers.
- Growth Opportunities: Potential for expansion or enhancement of services to increase revenue streams.
- Prime Location: Located on a major thoroughfare, the hotel enjoys high visibility and accessibility.
- Strong Revenue Potential: Proven track record of high occupancy rates and positive guest reviews.
- Community Hub: Serves as a key lodging option for visitors, business travelers, and local events, contributing to the local economy.
Executive Summary
Nestled in the heart of Socorro, New Mexico, the Best Western Socorro Hotel & Suites offers a unique investment opportunity in a thriving location. This well-maintained property features modern amenities and exceptional hospitality, making it a preferred choice for travelers. Conveniently situated on N. California Street, it provides easy access to local attractions, business centers, and educational institutions, ensuring a steady flow of guests year-round.
Property Facts
| Price | £5,727,744 | Lot Size | 1.07 AC |
| Price Per Room | £47,731 | Building Size | 25,782 SF |
| Sale Type | Investment | No. Rooms | 120 |
| Net Initial Yield | 10.86% | Number of Floors | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1995/2017 |
| Property Subtype | Hotel | Parking Ratio | 3.3/1,000 SF |
| Building Class | B | Corridor | Exterior |
| Price | £5,727,744 |
| Price Per Room | £47,731 |
| Sale Type | Investment |
| Net Initial Yield | 10.86% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 25,782 SF |
| No. Rooms | 120 |
| Number of Floors | 2 |
| Year Built/Renovated | 1995/2017 |
| Parking Ratio | 3.3/1,000 SF |
| Corridor | Exterior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Meeting Event Space
- Wedding Venue
- Public Access Wi-Fi
- Hot Tub
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 33 | £116.94 | - |
| Guest Room | 87 | £95.46 | - |
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zoning
| Zoning Code | C-2 (Commercial) |
| C-2 (Commercial) |
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Best Western Socorro Hotel & Suites | 1100 N California St
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