1201 N Main St, Roswell, NM 88201

Commercial property for lease

• Description
• Marcus & Millichap presents for sale the TownePlace Suites and the Fairfield Inn & Suites in Roswell, New Mexico. This 138-room portfolio offers a premium Marriott-branded opportunity in a diverse market. Both properties are located along the main thoroughfare going through the city of Roswell. These properties are the leaders in their market of southeastern New Mexico and have consistently high occupancy levels and RevPAR growth. The generators for these hotels include local medical centers, tourism, Government, Military, and oil business. The TownePlace Suites has 71 rooms on three interior corridors. The property is located directly across the street from the Lovelace Regional Hospital and one mile away from the Eastern New Mexico Medical Center. The property is an extended stay hotel that offers many amenities to suited to longer-term guests, including on-site laundry and a fully equipped kitchen. Kitchens include a fridge, microwave, stove, utensils, serving dishes, and pots and pans for guest use. Also included in the one- and two-bedroom units is a full dining room set with table and chairs. The Fairfield Inn & Suites has 67 rooms on three interior corridors. It recently underwent several renovations, including stucco replacement on the exterior and a new roof, both in 2015. The interior has had some renovations as well, having completed the Modern Calm Property Improvement Plan issued by Marriott International. The updates include new furniture in the rooms, new 50 flat screen TVs, among other projects. No change of owner PIP is expected. Building price details: $9,900,000.
• Contact info
• Matthew Reeves

  Marcus & Millichap
• Note

• Details Info about this row that located on 1201 N Main St, Roswell, NM 88201 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

  If you see any error or mismatches on this page – click here.