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7620 N Mesa St

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Address: 7620 N Mesa St, El Paso, TX 79912, USA

Texas + Hospitality

Created date: March 28, 2024

Date last updated: October 7, 2024

103 rooms arranged over 4 floors
Interior corridors
El Paso International Airport (ELP) – 18 min drive
Sunland Park Mall – 4 min drive
Sunland Park Racetrack and Casino – 5 min drive
Viva El Paso shows at McKelligon Canyon a – 12 miles
Renovated in 2008
Offered at the current Cap Rate – 10%
Offered at – $55,826 per room

Property Description

Introducing a prime investment opportunity: a 103-room hotel spanning across 4 floors, conveniently located for both business and leisure travelers. With interior corridors ensuring guest privacy and security, this property promises comfort and ease. Just an 18-minute drive from El Paso International Airport (ELP), guests enjoy seamless connectivity. For retail therapy, Sunland Park Mall is a mere 4-minute drive away, while excitement awaits at Sunland Park Racetrack and Casino, just 5 minutes by car. Additionally, the vibrant Viva El Paso shows at McKelligon Canyon are within easy reach, a mere 12 miles away. Currently offered at an attractive Cap Rate, this investment opportunity is priced at $55,826 per room, making it an enticing prospect for savvy investors looking to capitalize on the thriving hospitality market. Don't miss out on this chance to own a slice of hospitality excellence in a bustling location.

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Key Property Information

Listing Status:	Unavailable
Listing Type:	Call for offers
Property Types:	Hospitality
Price:	$5,750,000
No. of Units:	103
Average Occupancy:	10.03
Year Built:	1992
Lot Size:	1.68 Sq ft
Opportunity Zone:	No
Price per unit:	$55,825
Property Website	Click Here