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Best Western Airport InnSuites Hotel for Sale
Albuquerque, New Mexico
Just Reduced
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Property Description
The Best Western Airport InnSuites is located at 2400 Yale Boulevard SE, in Albuquerque, New Mexico.
Its location, at the entrance to the Albuquerque International Sunport Airport, makes this the ideal hotel and excellent choice for business travelers and/or leisure guests. |
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The hotel was built in 1980 and 1984, the 102-unit hotel sits on approximately 2.99 +/- acres of leased land. The current ground lease expires September 2033.
The property was renovated in 2007 to Best Western standard.
Access to the hotel is convenient from I-25, I-40 and from the Airport. |
The hotel property has an outdoor heated pool/spa with patio area/sundeck, meeting facility and library.
PJ’s Café is located in the hotel lobby and provides a complimentary hot breakfast buffet for all guests.
Located adjacent to the hotel is a Village Inn which leases from the hotel. |
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The property has a 24-hour front desk and a 24-hour complimentary airport shuttle.
The Sunport Meeting Room facility is 25’x 25’ and seats approximately 10-40 people.
Catering, audio visual equipment and high speed internet are all available for meetings. |
All the hotel guest rooms have smoke detectors, electronic door locks, iron and ironing board, hairdryers, microwave/refrigerator, coffee maker, and room service. |
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Strong lodging demand is present throughout the area at the crossroads of major Interstate 25 and Interstate 40 freeways. |
Albuquerque’s largest employers include: Intel Corporation, Honeywell Defense and Space Electronic Systems, Eclipse Aviation, Ethicon EndoSurgery and many more!
This creates a good corporate, government and leisure market for the hotel business. |
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Financial Summary
| Price Reduced |
$6,750,000 $6,450,000 |
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| Number of Units |
102 |
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| 12 Months Ending |
9/2007 |
12/2006 |
| Room Revenue |
$1,799,143 |
$1,648,513 |
| Occupancy |
77.6% |
72.1% |
| Average Daily Rate |
$66.84 |
$61.99 |
| Net Operating Income |
$603,603 |
$499,656 |
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