PROPERTY OVERVIEW

HUNTER HOTEL ADVISORS has been exclusively retained to solicit offers to acquire the 111-room Home2 Suites El Paso Airport. The hotel benefits from proximity to the El Paso Airport and various demand generators. The El Paso Airport, the busiest commercial airport in West Texas, serves the region alongside Southern New Mexico and Northern Mexico, managing over 3.9 million passengers and 96,316 aircraft operations in 2023. The hotel’s immediate area is home to numerous distribution facilities, medical centers, and college campuses, all in close proximity. The hotel benefits from a diverse array of demand generators, including Fort Bliss, the University of Texas at El Paso, Sun Bowl Stadium, and major oil and gas companies like Andeavor, all within 15 minutes from the hotel.  Additionally, the area is home to Fortune 500 companies and major entities such as ADP, Boeing, Charles Schwab, Delphi, Dish Network, Hoover, Raytheon, USAA, and Verizon Wireless, which all have offices in El Paso.

Investment Highlights:

• Fee-simple interest in an Institutional quality, extended stay hotel sold unencumbered of debt and management
  
• Strong, in-place yield driven by consistent demand with the Hotel generating $113 RevPAR in the July TTM reporting period
• Running three month trend showing upward trend with Hotel generating $129 RevPAR
• Next owner will benefit from completing the PIP by positioning refreshed product in the market and driving RevPAR penetration
  
• Limited supply pipeline: Per CoStar as of July 2024, there is only one hotel in the airport submarket under construction – 98-room Tru scheduled to open in late 2025
  
• Institutionally owned and will be sold unencumbered of management providing significant operational upside.