5420 N Lovington Hwy | Hobbs, NM 88240
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5420 N Lovington Hwy
Hobbs, NM 88240
Hampton Inn & Suites Hobbs · Hospitality Property For Sale
·
48,037 SF
INVESTMENT HIGHLIGHTS
- Spark by Hilton conversion opportunity, PIP report available
- The hotel’s rooms revenue for TTM November 2024 increased by 6.6%, compared to the same period last year
- Located in Lea County, which ranks #1 in oil production across the country
- From 2021 through 2023, room revenues consistently averaged over $1,700,000
- Priced at 2.7x RRM per the TTM November 2024 rooms revenue of $1,918,472
- Located five minutes from Zia Park Casino Hotel & Racetrack, which attracts 2.2 million visitors annually
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 2004/2011 |
| Building Class | B | Parking Ratio | 1.29/1,000 SF |
| Lot Size | 1.58 AC | Corridor | Interior |
| Building Size | 48,037 SF | ||
| Zoning | HC | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 1.58 AC |
| Building Size | 48,037 SF |
| No. Stories | 3 |
| Year Built/Renovated | 2004/2011 |
| Parking Ratio | 1.29/1,000 SF |
| Corridor | Interior |
| Zoning | HC |
AMENITIES
- Business Center
- Fitness Center
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
PROPERTY TAXES
| Parcel Number | 4000071720001 | Improvements Assessment | $1,251,986 |
| Land Assessment | $102,197 | Total Assessment | $1,354,183 |
PROPERTY TAXES
Parcel Number
4000071720001
Land Assessment
$102,197
Improvements Assessment
$1,251,986
Total Assessment
$1,354,183
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