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Property profile & analytics
OFF-MARKET
Hospitality properties

2209 Main St Artesia, NM 88210

Built 1974
Property ID
Property summary
AI-generated overview

This exceptional 82-unit Best Western hotel presents a lucrative investment opportunity in Artesia, New Mexico. Built in 1974, the property boasts a prime location offering convenient access to a wealth of recreational activities, including Brantley Lake (boating, swimming, fishing), and nearby opportunities for softball, baseball, and golf. Each of the 82 guest rooms is generously sized and equipped with modern amenities such as a refrigerator, cable satellite television with HBO, and complimentary high-speed internet access. Guests enjoy a complimentary full hot breakfast daily. Further enhancing the guest experience are an indoor swimming pool and hot tub, a sauna, a fitness center, guest laundry facilities, and meeting rooms. The hotel's strategic location also caters to business travelers, with proximity to the Navajo Refinery, Yates and Mack Energy, and the Federal Law Enforcement Training Center. Local attractions such as the Artesia Historical Museum, Heritage Plaza, the Bottomless Lakes, and the New Mexico Military Institute are also within easy reach. The asking price for this established and well-appointed hotel is $4,300,000. This represents a significant opportunity to acquire a profitable hospitality asset in a desirable location.

Property profile
Verified
Property type Hospitality properties
Year built 1974
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Best Western Pecos Inn Hotel & Motel
  • Lucky Duck Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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