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3711 San Jose BlvdCarlsbad, NM 88220
Candlewood Suites
Asset ClassHotel & Hospitality
# Keys81
Net Operating Income: $1.3 MillionOccupancy: 78%Year Built: 2016Access Data Room
June T12 RevPAR +6.8% | June YTD RevPAR +2.5% Compared to Submarket Class
overview of deal

Overview

The Candlewood Suites – Carlsbad, NM boasts 81 modernized extended-stay units, offering both comfort and convenience for today’s travelers. The spacious lobby, inviting common areas, and well-appointed outdoor spaces create a welcoming atmosphere, while fully equipped kitchenettes cater to extended stay guests. With recent renovations and a well-maintained exterior, the property is ideally located with easy access to local attractions and business hubs.

 

This prime asset in the Carlsbad market presents an excellent opportunity for investors seeking strong returns, a rewarding guest experience, and promising financial performance.

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Investment Highlights

  • 81 modernized extended-stay units
  • Featuring fully equipped kitchenettes
  • June RevPAR: $171.33
  • June ADR: $195.36
  • 2024 room revenue: $4M
  • 2024 NOI: Over $1.3M
  • Award winner four (4) years in a row for IHG Spirit of True Hospitality
  • Minimal PIP to buyer
  • Two-hotel portfolio available
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3711 San Jose BlvdCarlsbad, NM 88220

Sales Team

Dinesh "Dan" RamaQualifying Broker

License #: NM #20316

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Listing provided by Revere CRE