Clarion Inn & Suites Roswell — Sale in Roswell, NM

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Hospitality Business
  • Location: Roswell, NM 88201
  • Year built: 1977

Photos

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Description

Marcus & Millichap has been selected to exclusively market for sale the Clarion Inn & Suites Roswell, a 124-room hotel conveniently located off Highway 285 in the heart of Roswell, New Mexico. The two-story interior corridor property, situated on a 2.8-acre site, features 124 guest rooms, two meeting rooms (600 sq. ft.), a garden atrium with an indoor pool and hot tub, and two saunas (NON-OPERATIONAL). The restaurant and banquet facilities have been subdivided and are NOT included in the sale. The Clarion Inn & Suites Roswell is located next to the New Mexico Military Institute, seven miles from the airport, and less than a mile from the International UFO Museum and Research Center. Popular attractions include the Roswell Museum & Art Center, Spring River Park & Zoo, the Robert H. Goddard Planetarium, and the Walker Aviation Museum. Outdoor recreation is just a short drive away, with Bitter Lake National Wildlife Refuge and Bottomless Lakes State Park within 30 minutes. The Clarion Inn & Suites Roswell presents an opportunity to acquire a franchised hotel in a stable market with minimal property improvement requirements (PIP). Our Pro Forma analysis assumes continued modest growth, supported by recent market trends and increasing population and demand in Southeastern New Mexico. For those interested in a brand conversion, the property is eligible for conversion to Spark by Hilton or Wyndham Garden. Investment Highlights: • Well-Appointed Clarion Inn & Suites, Renovated in 2020 • Opportunity to Rebrand as a Spark by Hilton or Wyndham Garden • Excellent Frontage Along U.S. Route 285 • Adjacent to New Mexico Military Institute (NMMI) • NMMI Supports 52,000+ Jobs and Contributes $2.8 Billion in Annual Labor Income • Nearby Attractions Include Wool Bowl Stadium, Roswell Museum & Art Center, Anderson Museum of Contemporary Art, International UFO Museum & Research Center, and More

Market Context

This hospitality in Roswell, NM is listed for sale. The building dates to 1977. Compare it against other hospitality listings for sale in Roswell, NM — view the full market.

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