7518 Remcon Cir - Hospitality FOR SALE
El Paso, TX 79912 |
7518 Remcon Cir
El Paso, TX 79912
HIGHLIGHTS
- Fee simple interest in the institutionally owned and managed 103-key SpringHill Suites by Marriott El Paso.
- The 95-key Fairfield Inn & Suites is also being offered, allowing buyers to acquire both hotels and capitalize on operating synergies.
- 7518 Remcon Circle was built in 2008 and renovated in 2016 and will be delivered unencumbered of debt and management.
- Strong historical operating performance with YTD October 2022 Revenue surpassing 2019 levels by 12%.
- Optimal location nine miles north of downtown, with access to the University of Texas at El Paso and Sunland Park Race Track and Casino.
- Other area demand drivers include El Paso Zoo, El Paso Museum of Art, Fort Bliss, National Border Patrol Museum, and Franklin Mountains State Park.
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
SpringHill Suites El Paso
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
68759
STORIES
4
ROOM ENTRANCE
Interior
BUILDING CLASS
B
YEAR BUILT
2008
PARKING SPACES
82
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
C3
APN/PARCEL ID
W138-999-0040-7575
