Best Western Socorro Hotel & Suites

For Sale

1100 N California , Socorro, NM 87801

This Socorro property for sale is located at 1100 N California . Contact the listing broker for details on the current sale price for Best Western Socorro Hotel & Suites. Best Western Socorro Hotel & Suites is situated on a lot that is 1.07 acre in size.

Contacts

broker

Dinesh Dan Rama

NewGen Advisory

Property Details

  • Property Type Other
  • Property Size 25,782 SF
  • Units 120
  • Lot Size 1.07 Acre
  • Additional Rent Contact for pricing
  • Year Built 1995
  • Year Renovated 2017
  • Date Updated Sep 23, 2024
Socorro, New Mexico benefits from a robust hotel and motel market fueled by its scenic attractions like Bosque del Apache and Socorro Peak, drawing outdoor enthusiasts year-round. The presence of New Mexico Tech brings a steady flow of academic and business travelers, bolstering occupancy rates. Located along Interstate 25, Socorro serves as a convenient stopover, enhancing its appeal for transient travelers. Cultural landmarks such as the San Miguel Mission and local festivals further diversify visitor demographics, ensuring consistent demand for accommodations. These factors collectively contribute to a stable and growing hospitality sector in SocorroNestled in the heart of Socorro, New Mexico, the Best Western Socorro Hotel & Suites offers a unique investment opportunity in a thriving location. This well-maintained property features modern amenities and exceptional hospitality, making it a preferred choice for travelers. Conveniently situated on N. California Street, it provides easy access to local attractions, business centers, and educational institutions, ensuring a steady flow of guests year-round. - Prime Location: Located on a major thoroughfare, the hotel enjoys high visibility and accessibility. - Facilities: Indoor pool, fitness center, business center, and conference facilities catering to both leisure and business travelers. - Strong Revenue Potential: Proven track record of high occupancy rates and positive guest reviews. - Growth Opportunities: Potential for expansion or enhancement of services to increase revenue streams. - Community Hub: Serves as a key lodging option for visitors, business travelers, and local events, contributing to the local economy.

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Highlights

  • May 2024 YTD - Occupancy: 50.4% | ADR: 119.76% | RevPAR 60.37%
  • May 2024 Index - Occupancy: 105.9% | ADR: 108.7% | RevPAR 115.2%
  • December 2023 YTD - Occupancy: 49.9% | ADR: 115.17% | RevPAR 57.47%
  • December 2023 Index - 76.5% | ADR: 114.2% | RevPAR 87.3%
  • December 2022 YTD - Occupancy: 48.8% | ADR: 105.42% | RevPAR 51.20%
  • December 2022 Index - 96.1% | ADR: 107.2% | RevPAR 103.0%
  • 120 units, 2 stories
  • Interior corridor, Indoor swimming pool, fitness center, meeting room, business center
  • 7500 sq. ft meeting space, holds 250-300 people, can be also separated into 3 smaller meeting rooms that can hold 100.
  • Owner may carry for qualified buyer

Getting around

  • 52/100

    Walk Score ®

  • 60/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Socorro, NM
  • Zip Code 87801

Points of Interest

  • Chevron

    0.06 miles

  • Alon

    0.08 miles

  • Exxon

    0.10 miles

  • Conoco

    1.55 miles

  • Shell

    1.65 miles

  • Chevron

    1.83 miles

  • Phillips 66

    6.13 miles

  • NMT Overflow Lot

    0.63 miles

  • New Mexico Bureau of Geology Parking

    0.77 miles

  • St. Paul's Overflow Lot

    0.92 miles

  • Best Western

    0.03 miles

  • Holiday Inn Express

    0.04 miles

  • Americas Best Value Inn

    0.15 miles

  • Super 8

    0.20 miles

  • San Miguel Inn

    0.26 miles

  • Econo Lodge

    0.50 miles

  • Comfort Inn

    0.50 miles

  • Days Inn

    0.64 miles

  • Economy Inn

    0.73 miles

  • Socorro Old Town B & B

    0.84 miles

  • Walmart Supercenter

    0.49 miles

  • John Brooks Supermarket

    0.79 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Dinesh Dan Rama

NewGen Advisory