3470 Joe Battle Blvd - Hospitality FOR SALE


El Paso, TX 79938
$13,500,000 USD
480-567-6853
3470 Joe Battle Blvd, El Paso, TX for Sale
$13,500,000 USD
Hospitality - FOR SALE
1/24
null | Request Cap Rate

3470 Joe Battle Blvd
El Paso, TX 79938


HIGHLIGHTS

  • • 30 rooms equipped with kitchenettes, providing the opportunity to capitalize on extended stay market share and diversifying potential customer base.
  • • 2022 built asset, new construction with no expected PIP cost. All brand new FF&E with spacious and modern breakfast and lobby areas.
  • • Close proximity to Loop 375 and HWY 10. Provides easy access for transient travelers and opening exposure to the property with high visibility from
  • • 46.2% NOI after reserves. Stabilized expenses and reduced rooms expense from extended stay customers
  • • 11% CAP rate after reserves, providing high returns with either Conventional or SBA financing while retaining funds for future renovations. Ideal fo
  • • Quick access to many quick service and sit down restaurants, within walking distance. Favorable for quick overnight travelers and enough options for

OVERVIEW

To view offering summary and due diligence please visit https://laquintainnsuitesbywyndhamelpasoeastloop.sharplaunch.com/ or contact Johnny Casler directly at (919) 606-2263 for more information. Marcus & Millichap has been chosen to exclusively market for the sale the La Quinta Inn & Suites El Paso East Loop-375 in El Paso, Texas. This property is a 4-story, interior corridor hotel with 83 rooms, conveniently located off major Highway 10 and Loop 375, with easy access for transient travelers and high visibility. The property is a newer built asset, opened in 2022 with no expected PIP cost and all new FF&E. Experience a range of hotel amenities; 30 rooms are equipped with a fridge, stove, toaster, microwave, and coffee maker. Enjoy flat-screens TV, desk space as well as ADA compliant rooms available. The La Quinta Inn & Suites El Paso has close and easy access to nearby restaurants and dining within walk & driving distance favorable for both overnight and extended-stay visitors.

FOR SALE DETAILS

PRICE

$13,500,000 USD

PRICE/SF

$301 USD /SF

# OF ROOMS

83

PRICE/ROOM

$162,651 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

La Quinta Inn & Suites by Wyndham El Paso

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2022

PARKING SPACES

86

LAND DETAILS

LAND ACRES

2.22 AC

LAND SF

96,540 SF

ZONING

C4C

APN/PARCEL ID

H806-999-0040-01C0

ASK ABOUT THIS PROPERTY

Josh TammenMarcus & MillichapMore Info
480-567-6853

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Josh TammenMarcus & MillichapMore Info
480-567-6853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.