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2210 W Pierce StCarlsbad, NM 88220
Holiday Inn Express
Asset ClassHotel & Hospitality
# Keys80
Net Operating Income: $1.06 MillionOccupancy: 69.8%Year Renovated: 2018Access Data Room
High Performing IHG Hotel
overview of deal

Overview

Presenting an exceptional investment opportunity in Carlsbad, NM, the Holiday Inn Express features 80 modernized units, thoughtfully renovated in 2018 with the renowned Formula Blue design to provide guests with a fresh and contemporary experience. The spacious lobby and common areas offer a welcoming atmosphere for relaxation, while updated amenities cater to the needs of modern travelers.

 

The well-maintained exterior and convenient access to local attractions and business centers make this property an ideal choice for hospitality investors seeking a strong return on investment. With its prime location and the recent renovations, this property is poised to deliver a rewarding guest experience and promising financial performance. The property has undergone $2.2 million in capital expenditures.

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Investment Highlights

  • Revenue is up 11% for 2025—2025 projection: $4.8M
  • June RevPAR: $153.19
  • June ADR: $180.22
  • TTM July 2025 room revenue: $4,450,000
  • 2024 room revenue: $3,681,386.57
  • Convenient access to local attractions: Living Desert Zoo and Gardens State Park and Carlsbad Caverns National Park
  • Renovated in 2018: $2,200,000 capex Formula Blue PIP resulting in little to no PIP to buyer

Property Video

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2210 W Pierce StCarlsbad, NM 88220

Sales Team

Dinesh "Dan" RamaQualifying Broker

License #: NM #20316

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Listing provided by Revere CRE