Ramada - LoopNet...timeless blue sky. When visiting Albuquerque, you’llfind its spectacular...
Transcript of Ramada - LoopNet...timeless blue sky. When visiting Albuquerque, you’llfind its spectacular...
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Suite 200Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is theresponsibility of any prospective purchaser to independently confirm its accuracy andverify the subject offering as suitable for the intended use. Neither eXp Realty LLC, it’sagents or brokers, assume responsibility for typographical errors, misprints ormisinformation.
Ramada 25 Hotel Circle, Albuquerque, NM 87123Hospitality For Sale
Property Summary
Ramada
Price : $3,400,000
Rooms: 102
Sq Ft: 92,986
Price SF: $60.22
Land: 3.0338 Ac
Features:Interior Corridor PropertyFour BuildingsLovely Pool & Jacuzzi Established hospitality location Full Restaurant & Dining Room Banquet Facilities I-40 signage at Eubank Billboard Included
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
AMENITIES• ATM• Banquet Facilities• Bus/Truck Parking• Business Center• Check-in Kiosk• Coffee/Tea Maker
• Daily Housekeeping• Early Check-in Available• Express Check-in• Express Check-out• Fitness Center• Flat Screen Televisions• Free Breakfast
• Free WiFi• Hairdryer• Hot Tub Onsite• Late Check-out
Available• Laundry Facilities• Meeting Room
• Multilingual Staff• Non-Smoking Hotel• Onsite Parking• Pet Friendly• Pool - Outdoor
Property Summary
Ramada &
Amberly SuitesPrice : $5,600,000Rooms: 194Door Price:$28,866Land: 5.04 Acres
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
Amberly Features:• Property faces I-40
• Well Maintained
• Ample Parking
• Four 2 Room Suites
• Established hospitality location.
• I-40 signage at Eubank.
• 150,900 total vehicles per day
Site Summary
Quickly re-developingtrade area which includessix hotel properties and anew 148 unit apartmentre-development alongsideestablished retail big boxTarget, Best Buy, Conn’s,Mattress Firm, Office Max,Petco and new At HomeSuperstore. Huge growthtowards Central Avenueincluding Home Depot,Costco, Sam’s Club, Wal-mart, and Toyota in thisbillion dollar retail tradearea.
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Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
TRADE AREA DEMOGRAPHICS
Radius 1 Mile 3 Mile 5 Mile
Population (2015 Estimate) 17,036 165,328 271,534
Avg HH Income (2015) $54,412 $59,595
Location Summary
SITE
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
Lomas Blvd. 25,000 VPD
Eub
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SITE
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
Lomas Blvd. 25,000 VPD
Eub
ank
Blv
d. 3
5,9
00
VP
D
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
Location Summary
Albuquerque, NM
OverviewVisiting Albuquerque allows you to experience the authentic Southwest. As one ofthe oldest cities in the United States, Albuquerque boasts a unique multiculturalhistory and heritage. Native American, Hispanic & Latino, Anglo and othercultural influences are a part of everyday life. You will always know you'resomeplace special, whether you're eating at one of our traditional NewMexican restaurants, shopping at one of the thousands of shops and galleriesaround town, enjoying our world-class visual and performing arts, or playing onthe best golf courses in the Southwest. Nowhere is the confluence of past andpresent more dramatic than here in Albuquerque, where the modern city skylineis set against a backdrop of the stunning Sandia Mountains and an endless,timeless blue sky.
When visiting Albuquerque, you’ll find its spectacular weather—with 310 days ofsunshine—perfect for outdoor activities, including biking, skiing and hiking. Ourincomparable weather and scenery also make Albuquerque the hot airballooning capital of the world. Balloons dot our clear blue skies throughout theyear, revealing a myriad of colors.
At night, Albuquerque is bathed in the glow of neon signs, relics of the city's rolealong historic Route 66. Locals and visitors enjoy kicking up their heels in ourbustling downtown entertainment district, taking in a show by one of ourinternational theater and dance companies, and visiting themany casinos surrounding the metropolitan area. (Courtesty of: www.visitalbuquerque.org)
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
Financial Summary
IncomeEstimate
Rooms Rate *65% Occupancy
Ramada 102 $49 $1,185,775
Amberly 92 $29 $632,983
Total/Avg. 194 $39.51 $1,818,758
*2018 YTD Occupancy of 65% for Albuquerque provided by Rocky Mountain Lodging Report
2017 Expenses:Property Taxes $43,684Insurance $18,596Maintenance $32,336Utilities $165,676Labor $166,826Breakfast $24,466Laundry/Linens $11,231Room Supplies $13,939Total $476,754
Mini-PodExpected Income $1,818,758Expenses $476,754NOI* $1,342,004Proforma Cap 24%
Open restaurant lounge
seating space. Ample
kitchen includes
beverage service, food
prep, stove and grills,
dishwasher, back office,
walk-ins, storage and
two staff restrooms.
Facility has both staff
and customer banquet
hall access for catering
and large events. Patio
space on the Northwest
side of the building with
kitchen access.
Ramada Inn
Onsite Restaurant & Floorplan
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
Property Survey
Additional Photos
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110
The information contained herein is believed to be reliable but not guaranteed. It is the
responsibility of any prospective purchaser to independently confirm its accuracy and verify the
subject offering as suitable for the intended use. Neither eXp Realty LLC, it’s agents or brokers,
assume responsibility for typographical errors, misprints or misinformation.
Demographics
Presented By:
Coralee Quintana, MA, MBA505.639.1266
6565 Americas Pkwy NE Ste 200 | Albuquerque, NM 87110Office: 505.239.5310
The information contained herein is believed to be reliable but not guaranteed. It is the responsibility of any prospectivepurchaser to independently confirm its accuracy and verify the subject offering as suitable for the intended use. Neither eXpRealty LLC, it’s agents or brokers, assume responsibility for typographical errors, misprints or misinformation.
TRADE AREA DEMOGRAPHICS
Radius 1 Mile 3 Mile 5 Mile
Population (2015 Estimate) 17,036 165,328 271,534
Avg HH Income (2015) $54,128 $54,412 $59,595