720-484-1048
415 S Bloomfield Blvd, Bloomfield, NM for Sale
Hospitality - FOR SALE
1/1
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415 S Bloomfield Blvd
Bloomfield, NM 87413


OVERVIEW

-Dominating Supply Within the Market: The Hotel represents 51% of room supply in the surrounding 5 miles. - Improving Property Performance: The Hotel has improving property performance YoY and has increased NOI more than 43% from 2022 to 2023. A new owner can recognize additional upside potential by capitalizing on the property’s 88% RevPAR index against its competitive set. -Potential RevPAR Upside: A new Owner may have the opportunity to renovate select portions of the Hotel thereby enabling ADR growth vis-a-vis its competitive supply. -Central Location in the San Juan Basin: Farmington is centrally located in the San Juan Basin, which is among the top gas-producing areas in the U.S. The Hotel often has room block purchases for extended stays for gas pipeline production personnel. -Proximity to Farmington: Bloomfield is located 13 miles east of Farmington, which offers various corporate, tourism, and healthcare amenities. -Excellent Visibility from U.S. Route 64: The Hotel is located along U.S. Route 64, a major east-west highway spanning from Arizona to North Carolina, offering high traffic visibility and proximity to several nearby retail, dining and fueling options. -Upside from Replacing Existing Management: The Best Western presents an excellent opportunity for an investor to purchase the Hotel unencumbered by a management agreement. An investor possesses the opportunity to bring in a new management company or operate internally and seek to revamp the operational strategy of the Hotel. -Fee Simple -No New Supply

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

65

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Territorial Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2004

PARKING SPACES

68

LAND DETAILS

LAND ACRES

1.45 AC

LAND SF

63,293 SF

ZONING

-

APN/PARCEL ID

0061070,0061072,0062454

ASK ABOUT THIS PROPERTY

Jeffrey DuniHREC Investment AdvisorsMore Info
720-484-1048

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Jeffrey DuniHREC Investment AdvisorsMore Info
720-484-1048

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