220 Manhattan Ave Santa Fe, NM 87501

This exceptional 15-room boutique hotel in Santa Fe, New Mexico, presents a compelling investment opportunity. Located at 220 and 224 W Manhattan Ave, this property boasts 9,766 square feet across two buildings situated on a 9,766 square foot lot (APN: 12167552, 99307240). The asking price is $4,499,000, translating to $460.68 per square foot. The hotel, known as "The Parador," is housed in a historically significant structure, parts of which date back over 200 years, showcasing a blend of architectural styles reflecting its rich past. Extensive renovations were completed in 2018, including the installation of new mini-split heating and cooling systems, a new roof, and three new sewer lines. The interior has been fully redecorated and painted, presenting a fresh and updated aesthetic. The property is zoned BCD and includes a separate gift shop building with potential for conversion into additional luxury suites, a spa, or a restaurant. Its prime location offers easy walking access to the Plaza, Canyon Road, and the Railyard District, placing it within Santa Fe's vibrant cultural and tourist hub. The Parador's unique history and recent upgrades create a strong foundation for continued success and potential value appreciation, making it an attractive investment in the thriving Santa Fe hospitality market. The property's combination of historical charm and modern amenities positions it to capture significant market share within the desirable Santa Fe tourism sector.