Carlsbad Hotel Investment
For Sale
$1,300,000
2210 West Pierce Street, Carlsbad, NM 88220
The Holiday Inn Express – Carlsbad, NM
Property Size46,480 SF
Price / SF$27.97
Days on Market623
Property Features for 2210 West Pierce Street
General Information
Standard status
Active
Property type
Hotels, Other hospitality properties, Other residential income properties, Hospitality properties, Residential income properties
Size
46,480 SF
Elevators
N/A
Building Details
Year Built
2007
Year Renovated
2018
Buildings
1
Stories
3
Units
80
Listed By:
Devesh “devo” Ragha
(806) 584-1454
Added: Jan 28, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 80-unit hotel in Carlsbad, New Mexico, presents an investment opportunity. The property was extensively renovated in 2018 with $2,200,000 in capital expenditures. The 46,480 square foot hotel features modernized accommodations. Its location provides access to local attractions such as the Living Desert Zoo and Gardens State Park and Carlsbad Caverns National Park. The property's revenue figures include $3,784,517.90 in room revenue for 2023 and $3,154,279.56 in room revenue (TTM Oct 2024). August 2024 year-to-date key performance indicators (KPIs) show occupancy at 104.2%, average daily rate (ADR) at 116.3%, and revenue per available room (RevPAR) at 121.2%. The renovations minimize future capital expenditure needs. The property is located in Carlsbad, NM.
Key Highlights
- 80 modernized units for enhanced guest comfort
- TTM Oct 2024 room revenue: $3,154,279.56
- 2023 room revenue: $3,784,517.90
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
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Business Placement
Demographics for 88220, NM
40,762
Population
17,692
Households
2.3
Avg Household Size
36
Median Age
20%
College-Educated
84%
High-School Grad
1,907.6 sq mi
ZIP Area
21
Density / Sq Mi
$79,668
Median Household Income
$45,302
Median Earnings
$1,218
Median Rent
$192,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Hotel - The Holiday Inn Express – Carlsbad, NM
Where is this hotel located?
The property is located at 2210 West Pierce Street Carlsbad, NM.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 80 modernized units for enhanced guest comfort; TTM Oct 2024 room revenue: $3,154,279.56; 2023 room revenue: $3,784,517.90
