Quality Inn, Clovis, NM
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Quality Inn, Clovis, NM is a unique Branded premier motel with upgraded rooms specializing in clean rooms and secure lodging with commitment to comfort, privacy and peace of mind. 54 Guest Rooms priced at $31,389.00 each, 2.663 Acres which includes +/- 1.4 acres of vacant land for expansion, and two-bedroom manager's quarters. No PIP requirement is needed. Three year average cash flow is approximately $234,000 and three year average gross revenue is approximately $606,000. This give you a purchase price of 2.8 multiple or 13.8% cap rate. Great Opportunity.
About the Business
- Years in Operation
- 39
- Franchise
- This business is an established Quality Inn franchise
- Facilities & Assets
- Make yourself at home in one of the 54 air-conditioned rooms featuring refrigerators and microwaves, 32-inch LED televisions with cable programming provided entertainment, while complimentary wireless internet access keeps you connected. Private bathrooms with separate bathtub and shower feature rainfall showerheads and hair dryer. Conveniences includes desk and coffee/tea maker, as well as phone. A complimentary breakfast is included.
- Website
- https://www.choicehotels.com/new-mexico/clovis/quality-inn-hotels/nm181
- Opportunities for Growth
- RACINO MOVING INTO CLOVIS: The New Mexico Racing Commission has approved the first step in transferring a racing license from SunRay Park in Farmington to Clovis. The proposal is for a 200-acre racing and gaming complex east of Clovis along US 60/84.
Clovis Regional Airport expanding - New 21,000 SF terminal construction underway.
These projects show favorable to increase visitation with construction workforce and racetrack/casino events in the long run. Quality Inn is one of the closest motels to the new planned racino site.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
About the Sale
- Seller Motivation
- Family will be moving out of State
- Transition Support
- As needed.
Listing Info
- ID
- 2444185
- Listing Views
- 12
Attached DocumentsAttachment Disclaimer
_Email_Version_2920_Mabry_Dr_Clovis_NM_88101_Quality_Inn.pdf
Listing ID: 2444185 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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