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Best Western Hotel for Sale
Lordsburg New Mexico
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Property Description
The Best Western Hotel opened new in 1987.
It is a one story frame building with wood veneer and half brick wainscot, the rear of the motel is solid brick veneer.
The guest rooms are constructed in three buildings in a "J" configuration with a separate freestanding building housing the public area and living quarters. |
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Lordsburg, New Mexico is located in the southwest portion of New Mexico, and considered to be one of the railroad centers of the Southwest.
Lordsburg has always been a natural overnight stop for travelers on I-10. It is located approximately halfway between Tucson, Arizona and El Paso, Texas. |
PROPERTY HIGHLIGHTS:
- New signage erected September 2011 at a cost of $11,000
- Outdoor heated swimming pool
- Business Center
- Free Wireless High Speed Internet
- Guest Laundry
- Cable TV
- Non-smoking and Smoking rooms
- King and two Double bed rooms
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ROOM AMENITIES:
- In-room Microfridge
- Coffee/Tea Maker
- Hair Dryer
- AM-FM Alarm Clock
- Iron and Ironing Board
- New case goods through all guest rooms in 2005.
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| LIVING QUARTERS: The living quarters is a very spacious two-bedroom, one bath with kitchen and living area and a new security camera system was installed in 2007. |
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Financial Summary
| Price |
$2,150,000 |
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| Number of Units |
40 |
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| 12 Months Ending |
7/2011 |
12/2010 |
12/2009 |
| Total Revenue |
$624,019 |
$622,647 |
$694,004 |
| CAP Rate |
9.3%* |
8.0% |
10%* |
| *Estimated at approximately 35% of room revenue. |
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