Marcus & Millichap Brokers Sale of 115-Room Staybridge Suites in Las Cruces, New Mexico

Marcus & Millichap has arranged the sale of the 115-room Staybridge Suites Las Cruces, an IHG Hotel, located at 2651 E. Northrise Dr. in Las Cruces, New Mexico, the firm announced Aug. 12, 2026. The buyer was identified as Northrise, LLC, along with Vetri Management Inc. The sale price was not disclosed.

Deal Team and Representation

Skyler Cooper and Chris Gomes, investment specialists in Marcus & Millichap's Dallas office, held the exclusive listing to market the property on behalf of the seller and procured the buyer. Ryan Sarbinoff, Marcus & Millichap's New Mexico broker of record, participated in association with the Dallas team. Allan Miller and Sam Gardner of the Miller Gomes Hotel Team provided additional support on the transaction.

Property Overview

The Staybridge Suites Las Cruces is an all-suite, extended-stay property situated along U.S. 70, offering visibility and access from the corridor. Each of the 115 units is equipped with a full-size refrigerator, dishwasher, two-burner cooktop, toaster, coffee maker, and microwave — amenities designed to accommodate both short- and longer-term stays for business and leisure travelers.

The property's shared amenities include a resort-style pool, an outdoor gathering area, a complimentary breakfast bar, guest laundry facilities, an internet café, and a movie theater. The hotel also features 1,171 square feet of indoor meeting space, positioning it to serve group and corporate demand in addition to individual travelers.

Extended-Stay Segment and Market Context

The transaction reflects continued investor activity in the extended-stay hospitality segment, which tends to attract demand from business travelers, project-based workers, and guests seeking longer average lengths of stay compared with conventional transient hotels. The all-suite format and in-room kitchen configurations at the Staybridge Suites Las Cruces support that demand profile.

The deal fits within a broader commercial real estate environment in which transaction activity has been gradually improving. Marcus & Millichap closed 8,818 transactions in 2025 with a total sales volume of approximately $50.9 billion. U.S. commercial property remodeling activity is estimated at $39.8 billion in 2026, reflecting ongoing investor interest in repositioning and optimizing existing assets.

The Las Cruces asset's location along a primary corridor and its affiliation with the IHG brand through the Staybridge Suites flag provide the operational framework that buyers in secondary and tertiary markets have increasingly sought as capital markets conditions stabilize.

About Marcus & Millichap

Marcus & Millichap (NYSE: MMI) is a commercial real estate brokerage firm specializing in investment sales, financing, research, and advisory services. As of Dec. 31, 2025, the company had 1,808 investment sales and financing professionals operating across more than 80 offices in the United States and Canada.