1610 Cedar StRaton, NM 87740

This fee-simple, three-story hotel in Raton, New Mexico, presents a compelling investment opportunity. The property, a Super 8 by Wyndham, boasts 48 keys (32 two-bed rooms, 14 single-bed rooms, one handicap-accessible room, and one king suite), situated on a 39,204 sq ft lot with 35 parking spaces. Built in 1983 with several subsequent renovations, the hotel offers approximately 16,746 to 20,000 square feet of space and is zoned C-3. Financial records indicate total revenue (excluding taxes) ranging from $324,936 (2020) to $589,326 (2017), with average daily rates (ADR) and occupancy rates varying year to year. The asking price is $1,390,000, representing a price per key of $28,958.33. The hotel's location in Raton offers easy access to outdoor recreational activities, cultural attractions, and nearby metropolitan areas in New Mexico, Colorado, and Texas. Raton also provides convenient access to educational institutions, healthcare facilities, and a municipal golf course. The property's strong location and potential for increased revenue make it an attractive investment for owner-users seeking a foothold in the hospitality sector. All financial data provided is from previous years and should be independently verified. This information is for illustrative purposes only and does not represent a guarantee of future performance.