Foreclosed Quality Inn hotel for sale in New Mexico
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Albuquerque New Mexico - Las Cruces  New Mexico - Austin Texas - Dallas Texas
 
 
 
 

Quality Inn Hotel for Sale
Tucumcari New Mexico
Price Reduced - Sellers are Motivated to Sell

Property Description
The Quality Inn Hotel for sale is conveniently located at Exit 335, the first of four exits, westbound, off I-40. Amarillo Texas is 110 miles east and Albuquerque, New Mexico is 170 miles west of Tucumcari. Qualtiy Inn Hotel for saleEnlarge Image
Registration DeskEnlarge Image

Area Attractions include:

  • Dinosaur Museum at Mesalands Community College
  • Tucumcari Municipal Golf Course
  • Ute Lake State Park
  • Conchas Lake State Park (35 miles from the hotel ) offering many water activities like boating, fishing and water skiing
  • Tucumcari Municipal Airport is only 5 miles away
  • Visitors will enjoy beautiful sunsets, gorgeous mountain views and historic sites

 

Hotel Amenities:

  • Restaurant is open 6am-11am and 5pm-9pm, 7 days a week.
  • Free full hot breakfast for hotel guests. Breakfast and dinner is available to the public.
  • Free wireless high speed Internet access and free local calls.
 Hotel PoolEnlarge Image
Hotel Guest RoomEnlarge Image This property was foreclosed and repossessed by the former owners on Thursday, September 8, 2011. The owners are/were retired and are extremely motivated to sell as soon as possible.
Financial Summary
Price $2,150,000 $1,750,000      
Number of Units 100        
Price per Room $21,500        
           
12 Months Ending 8/2011 12/31/10 12/31/09 12/31/08 12/31/07
Room Revenue $841,366 $861,168 $936,536 $1,054,474 $1,363,257
Total Revenue $950,000* $1,027,342 $1,141,419 $1,314,644 $1,515,059
NOI $200,000* $135,658 $276,015 $277,506 $280,734
Gross Room Revenue Multiplier 2.55* 2.5 2.3 2.04 1.58
CAP Rate 8.8%* 6.3% 12.8% 12.9% 13.1%
*Approximate
 

 
Confidentiality Notice
The Owner is very sensitive to the disruption of the Property.
PLEASE DO NOT contact the property or its employees without prior arrangements with Scoggin Blue LLC.
 
 
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