3312 N Lovington Hwy | Hobbs, NM 88240
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3312 N Lovington Hwy
Hobbs, NM 88240
La Quinta Inn & Suites by Wyndham Hobbs · Hospitality Property For Sale
·
36,000 SF
INVESTMENT HIGHLIGHTS
- Fee simple interest in the lender-owned, 68-room La Quinta Inn & Suites Hobbs NM offered at a substantial discount to replacement cost
- Situated in Southwest New Mexico only five miles from the Texas boarder
- Significant operational upside for a prospective owner in taking over for the current larger national third-party operator
- Optimal time to be investing in the Permian region as drilling activity is rebounding sharply with September 2021 active rig counts at 259
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 2008 |
| Building Class | B | Parking Ratio | 1.89/1,000 SF |
| Lot Size | 2.07 AC | Corridor | Interior |
| Building Size | 36,000 SF | ||
| Zoning | C-2 | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 2.07 AC |
| Building Size | 36,000 SF |
| No. Stories | 3 |
| Year Built | 2008 |
| Parking Ratio | 1.89/1,000 SF |
| Corridor | Interior |
| Zoning | C-2 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- High Speed Internet Access
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Hot Tub
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