Hotel/Lodging Space For Sale @ 900 Louisiana Blvd Ne

Property Tour and Contact Detail Information: Property tours are available by appointment. Please contact the listing broker to schedule a tour of the property. Investment Highlights: * Re-Branding or Re-Development Opportunity * Located 1/2 mile from Albuquerque's Uptown Premier Retail & Office Area * Located next to NM State Fair Grounds and the Downs Racetrack-Casino * Two-bedroom suites with kitchens; furnishings included * Secure, underground parking * Large atrium area and fountain Investment Overview: Rare opportunity to acquire an extended stay hotel with great common areas at less than 1/3 replacement cost. Natural conversion opportunity for multifamily, assisted living or senior living. Subject is a three-story interior corridor 164 room all-suite hotel built in 1983 on 2.78 acres. Total of 138,891 SF. The property is currently independently flagged as the Barcelona Suites. The property is located in the Uptown area of Albuquerque— close to New Mexico's largest malls (Coronado and ABQ Uptown. Nearby demand generators include the adjacent New Mexico Fairgrounds, Albuquerque International Sunport, University of New Mexico, Kirtland Airforce Base, Downs Racino, Historical Old Town, Sandia Peak Aerial Tram and the Indian Pueblo Cultural Center. Property amenities include several meeting rooms, a business center, indoor/outdoor pool and high-speed internet.