For Sale
$2,700,000

2295 Rt. 66Santa Rosa, NM 88435

Santa Rosa, NM Hotel - 34 Keys

Overview

Added:
Dec 11, 2024
Days on market:
117
This 34-key Econo Lodge Inn & Suites presents a compelling investment opportunity in Santa Rosa, New Mexico. Located directly off historic U.S. Route 66, this 18,000 square foot hotel, built in 1954, benefits from high visibility and a loyal customer base. The property boasts a 5% revenue increase compared to 2023 figures, indicating strong performance and growth potential. Minimal capital improvements are needed, making this an attractive option for first-time hotel buyers. An on-site manager's residence, complete with two bedrooms and two bathrooms, offers significant upside potential for owner-operators seeking to maximize profitability through hands-on management. The seller is actively reviewing all written offers, creating a flexible negotiation environment. This established hotel, operating under the reputable Choice Hotels brand, offers consistent cash flow and a solid foundation for future growth. The property's prime location on Route 66 ensures continued exposure to a steady stream of travelers. This is a rare opportunity to acquire a well-positioned hotel with immediate income potential and significant long-term growth prospects in a desirable New Mexico location. The property is situated at 2295 U.S. Rt. 66, Santa Rosa, NM 88435.

Highlights

  • $2,700,000 asking price for a 34-key hotel.
  • 18,000 square foot hotel built in 1954.
  • Ideal for first-time hotel buyers with minimal capital improvements needed.
  • 5% revenue increase compared to 2023.
  • On-site manager's quarters (2 bed/2 bath) offer upside potential.
  • Seller open to negotiating all written offers.

Property Details for 2295 Rt. 66

Property type
Hospitality properties, Hotels
Square Feet
18,000 SF
Year Built
1954

Location Insight

City
Santa Rosa
County
Guadalupe
State
New Mexico
Latitude
34.9458399
Longitude
-104.6668695
2295 Rt. 66, Santa Rosa, New Mexico

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2295 Rt. 66
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