PROPERTY OVERVIEW

Excellent Location Driven By Numerous Demand Generators The Hilton Garden Inn Albuquerque North/Rio Rancho is perfectly situated to offer convenient access to significant attractions and institutions in the region. Adjacent to the hotel is Intel Corporation, a leading player in the technology industry, known for manufacturing the company’s most innovative packaging and inter connective technologies. The Intel campus spans 218 acres and includes over 2 million square feet of facilities. With over 2,600 employees, Intel is currently undertaking a multiyear, $3.5 billion investment to expand its production line, adding advanced semiconductor packaging technologies, including Foveros. This expansion is expected to create 700 high-tech jobs, 1,000 construction jobs, and support an additional 3,500 jobs across the state. Located 2.5 miles from the hotel, Presbyterian Rust Medical Center stands as a premier healthcare facility recognized with America’s 100 Best Hospitals Award. The center has 868 beds and provides top-tier medical services to the community. The hotel is only 6 miles from Balloon Fiesta Park, the site of the world-renowned annual hot air balloon festival. This event features over 500 hot air balloons and attracts approximately 1 million visitors each year. Additionally, the nearby Sandia Amphitheatre is 8 miles away and hosts numerous concerts in its 4,000-seat venue. The Petroglyph National Monument and Cibola National Forest are both located 8 miles away and collectively drawing 500,000 visitors annually. Furthermore, the city of Albuquerque is just 17 miles from the hotel, offering attractions such as the University of New Mexico and Sandia National Laboratories.

Additional Upside Post Renovation The Hilton Garden Inn Albuquerque North/Rio Rancho has been well-maintained under current ownership, receiving nearly $940,000 in CapEx since 2018. Despite being well-maintained, the asset has not received a comprehensive renovation since 2019, when it received a $4.5 million (~$35,000/key) PIP. Significant upside remains upon completion of a change-of-ownership PIP. The improved product offering combined with continued market growth expectations will allow New Ownership to increase RevPAR and NOI to levels well exceeding in-place metrics. 

Significant Operational Upside The Hilton Garden Inn Albuquerque North/Rio Rancho is currently institutionally managed, presenting the Buyer with an opportunity to implement a revamped management strategy. With a more localized management approach, New Ownership will be able to improve on efficiencies and lower costs compared to those of a larger, institutional management company. 

Institutional Hilton Branded Asset Hilton’s Hilton Garden Inn brand is one of the strongest brands in the Hilton family. Premium branded assets have distinct competitive advantages compared to the rest of the market due to their large rewards and reservation systems as well as name recognition. All Hilton properties are backed by the Hilton Honors reward program which boasts over 190 million members across 18 brands and more than 7,600 hotels worldwide.