Description for 5811 Signal Ave NE, Albuquerque, NM 87113
Property tours are available on the following dates by appointment. Please contact the listing broker to schedule a tour.
• February 26 & 27
• March 5 & 6
• Fee-simple interest in the institutionally owned and third-party managed 68-room Comfort Inn & Suites offered at a fraction of replacement cost
• Property offered for sale through Ten-X in the March 21st auction
• Available unencumbered of debt and third-party management with the ability to retain the Comfort Inn & Suites brand
• Seller has completed approximately $747k (~$11k per key) of total renovation in recent years
• Adjacent to Interstate 25 with upwards of 70,000 vehicles passing the intersection daily
• Optimal location just north of downtown Albuquerque, the largest city in New Mexico and home to the University of New Mexico (the single largest employer in the state of New Mexico
• Within walking distance of numerous full-service nationally recognized restaurants
• Proximate to all broader Albuquerque area demand including downtown Albuquerque, Albuquerque Convention Center, International Balloon Fiesta and Museum, and the University of New Mexico
Paramount Lodging Advisors (PLA) and Ten-X are pleased to exclusively present the opportunity to acquire the fee-simple interest in the Comfort Inn & Suites Albuquerque, New Mexico. Since 2014, the 68-room, three story hotel has undergone approximately $469,000 or $6.9k per key in capital improvements.
Located at 5811 Signal Ave NE in Albuquerque, the Comfort Inn & Suites is situated in the largest city in New Mexico and proximate to all regional demand including the International Balloon Fiesta, downtown Albuquerque, and the University of New Mexico, which has an enrollment upwards of 30,000 students.
Property Listed by: Krishan Kumar | spicyProperties | NM License # 18765 | 505-216-7788
Auctioneer Licensing Information
Ten-X Lee Leslie RE Brkr 16769 (800) 499-6199