Overview

Description

The Suburban Studios Alamogordo is a 58 unit, two story, exterior corridor all kitchenette hotel that sits on close to one acre of land. Currently held by an absentee owner located out of state, this property has a strong upside potential for a new owner and operator. This property is ideal for an owner operator to improve operations to boost revenue via ADR's against its competitive set and lower expenses. The Suburban Studios enjoys leisure, Interstate travel, Military, Border Patrol, and Long Term Extended Stay Guests as the largest business generators as the property guests travel through California, Arizona, New Mexico, and Texas.

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Highlights

• Tremendous Upside to Increase Income and Reduce Expenses with On-Site Owner Operator
• Conventional Loan / SBA 7A / SBA 504 Loan Available to Qualified Buyers
• Priced Much Less Than Replacement Cost
• Very Limited Competition as Only Economy Extended Stay Hotel in Alamogordo
• All Rooms Feature Full Kitchenettes

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