La Quinta Inn & Suites East Loop-375

El Paso, Texas

Access Documents

List Price

$13,000,000

The Offering

Investment Highlights

• 30 rooms equipped with kitchenettes, providing the opportunity to capitalize on extended stay market share and diversifying potential customer base.

• New construction with no expected PIP cost. All brand new FF&E with spacious and modern breakfast and lobby areas.

• Close proximity to Loop 375 and HWY 10. Provides easy access for transient travelers and opening exposure to the property with high visibility from El Paso’s major beltline.

• 42.5% NOI after reserves. Stabilized expenses and reduced rooms expense from extended stay customers

• 10.4% CAP rate after reserves, providing high returns with either Conventional or SBA financing while retaining funds for future renovations. Ideal for the long or short term investor. 18.2% in place return.

• Quick access to many quick service and sit down restaurants, within walking distance. Favorable for quick overnight travelers and enough options for those choosing a longer stay.