Best Western Territorial Inn & Suites | 415 S Bloomfield Blvd
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Best Western Territorial Inn & Suites 415 S Bloomfield Blvd
65 Room Hotel Bloomfield, NM 87413 For Sale
Executive Summary
-Dominating Supply Within the Market: The Hotel represents 51% of room supply in the surrounding 5 miles.
- Improving Property Performance: The Hotel has improving property performance YoY and has increased NOI more than 43% from 2022 to 2023. A new owner can recognize additional upside potential by capitalizing on the property’s 88% RevPAR index against its competitive set.
-Potential RevPAR Upside: A new Owner may have the opportunity to renovate select portions of the Hotel thereby enabling ADR growth vis-a-vis its competitive supply.
-Central Location in the San Juan Basin: Farmington is centrally located in the San Juan Basin, which is among the top gas-producing areas in the U.S. The Hotel often has room block purchases for extended stays for gas pipeline production personnel.
-Proximity to Farmington: Bloomfield is located 13 miles east of Farmington, which offers various corporate, tourism, and healthcare amenities.
-Excellent Visibility from U.S. Route 64: The Hotel is located along U.S. Route 64, a major east-west highway spanning from Arizona to North Carolina, offering high traffic visibility and proximity to several nearby retail, dining and fueling options.
-Upside from Replacing Existing Management: The Best Western presents an excellent opportunity for an investor to purchase the Hotel unencumbered by a management agreement. An investor possesses the opportunity to bring in a new management company or operate internally and seek to revamp the operational strategy of the Hotel.
-Fee Simple
-No New Supply
- Improving Property Performance: The Hotel has improving property performance YoY and has increased NOI more than 43% from 2022 to 2023. A new owner can recognize additional upside potential by capitalizing on the property’s 88% RevPAR index against its competitive set.
-Potential RevPAR Upside: A new Owner may have the opportunity to renovate select portions of the Hotel thereby enabling ADR growth vis-a-vis its competitive supply.
-Central Location in the San Juan Basin: Farmington is centrally located in the San Juan Basin, which is among the top gas-producing areas in the U.S. The Hotel often has room block purchases for extended stays for gas pipeline production personnel.
-Proximity to Farmington: Bloomfield is located 13 miles east of Farmington, which offers various corporate, tourism, and healthcare amenities.
-Excellent Visibility from U.S. Route 64: The Hotel is located along U.S. Route 64, a major east-west highway spanning from Arizona to North Carolina, offering high traffic visibility and proximity to several nearby retail, dining and fueling options.
-Upside from Replacing Existing Management: The Best Western presents an excellent opportunity for an investor to purchase the Hotel unencumbered by a management agreement. An investor possesses the opportunity to bring in a new management company or operate internally and seek to revamp the operational strategy of the Hotel.
-Fee Simple
-No New Supply
Property Facts
| Sale Type | Investment | No. Rooms | 65 |
| Property Type | Hospitality | Number of Floors | 3 |
| Property Subtype | Hotel | Year Built | 2004 |
| Building Class | C | Parking Ratio | 1.86/1,000 SF |
| Lot Size | 1.45 AC | Corridor | Interior |
| Building Size | 36,646 SF |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.45 AC |
| Building Size | 36,646 SF |
| No. Rooms | 65 |
| Number of Floors | 3 |
| Year Built | 2004 |
| Parking Ratio | 1.86/1,000 SF |
| Corridor | Interior |
Amenities
- Business Centre
- Fitness Centre
- Pool
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wi-Fi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 14 | £127.54 | - |
| Guest Room | 51 | £108.76 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £0 | |
| Land Assessment | £0 | Total Assessment | £872,676 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£872,676
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Jeffrey Duni -
HREC Investment Advisors
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Best Western Territorial Inn & Suites | 415 S Bloomfield Blvd
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