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Studio 6 El Paso East 11049 W Gateway Blvd

93 Room Hotel El Paso, TX 79935 £3,522,001 (£37,871/Room) 11.45% Net Initial Yield

Investment Highlights

  • 93 rooms arranged over 2 floors
  • Located off Interstate 10
  • El Paso International Airport (ELP) - 10 min drive

Executive Summary

Introducing an exceptional investment opportunity in the heart of El Paso! This charming hotel, boasting 93 rooms spread across 2 floors, is strategically situated just off Interstate 10, ensuring convenient access for travelers. With exterior corridors providing ease of movement, guests can enjoy seamless transitions throughout their stay.
The hotel's prime location offers proximity to popular attractions such as the El Paso Zoo and Fort Bliss, catering to both leisure and business travelers alike. Additionally, the Del Sol Medical Center is merely a 2-minute drive away, providing convenience for medical tourists. For those arriving by air, the El Paso International Airport (ELP) is just a short 10-minute drive. This promising investment opportunity is offered at a competitive price with an attractive Caprate, promising substantial returns. Don't miss out on this chance to own a thriving hospitality business in a bustling city!
Nestled in the heart of the vibrant Southwest, El Paso is a dynamic city brimming with cultural diversity and rich history. With its strategic location just a 10-minute drive from El Paso International Airport and a 40-minute drive from Ciudad Juarez Intl. Airport, the city serves as a bustling hub for international travelers.
Boasting convenient access to essential amenities like the Del Sol Medical Center and educational institutions such as El Paso Community College, residents enjoy a high quality of life. From shopping at Cielo Vista Mall to exploring historic sites like Fort Bliss and the American Consulate, El Paso offers something for everyone, making it a truly unique and thriving destination.

Property Facts

Price £3,522,001
Price Per Room £37,871
Sale Type Investment
Net Initial Yield 11.45%
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.65 AC
Building Size 37,452 SF
No. Rooms 93
Number of Floors 2
Year Built/Renovated 1978/2015
Tenancy Single
Parking Ratio 5.61/1,000 SF
Corridor Exterior

Amenities

  • High Speed Internet Access
  • Public Access Wi-Fi
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 93 £39.22 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
D469-999-0010-1500
Land Assessment
£774,691
Improvements Assessment
£1,186,412
Total Assessment
£1,961,103

zoning

Zoning Code C3
C3
  • Listing ID: 31380893

  • Date on Market: 01/04/2024

  • Last Updated:

  • Address: 11049 W Gateway Blvd, El Paso, TX 79935

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