Park City, UT – February 14, 2018 – As exclusive agent to Express Investments, Inc., CooperWynn Commercial Real Estate, is pleased to announce the sale of the 104-room Holiday Inn Express located at 10330 Hotel Circle in Albuquerque, New Mexico to Dallas based Newstream Hotels & Hospitality, a subsidiary of Newstream Commercial. Built in 1994, the property is well located on the northeast corner of the intersection of Interstate 40 and Eubank Blvd NE proximate to major demand generators such as Kirkland Airforce Base and Sandia National Laboratories.
“The property was in excellent physical condition and garnered significant interest from the investment community”, commented Stan Kozlowski of CooperWynn. “We were pleased to be able to assist the seller in their sales strategy, marking our second New Mexico transaction in as many months.”
“We are always glad to help our partners consummate transactions while being able to increase property operations and efficiencies throughout the process,” said Michael Gallegos of Pacific Pearl Hotels. “We have been working with the seller on this and other properties for approximately 25 years.”
“We are happy to have worked with CooperWynn and Hospitality Management Corporation to add this hotel to our portfolio, and look forward to many more,” commented Scott Tarwater of Newstream.
