4298 Cerrillos Rd - Hospitality FOR SALE
Santa Fe, NM 87507 |
4298 Cerrillos Rd
Santa Fe, NM 87507
HIGHLIGHTS
- Corporate-Owned La Quinta Inn – Opportunity to acquire a corporate-owned, 131- room, three-story, La Quinta Inn that sits on 3.72 acres of land
- Flying Tortilla Restaurant Included –The next-door restaurant is included in offering. Please see restaurant lease in the data room for information
- PIP Cap – Per Section O of the Wyndham Franchise Agreement, there is a favorable PIP cap in place that is transferable to the Buyer
- Management Upside – The La Quinta will be delivered unencumbered of management
- High Barrier to Entry Market - The property is priced well below replacement cost
- Centralized Location – The hotel is proximate to a variety of area’s major demand generators, including Santa Fe Plaza and Georgia O’Keeffe Museum
FOR SALE DETAILS
PRICE
-
# OF ROOMS
-
CAP RATE
-
BUILDING DETAILS
PROPERTY NAME
La Quinta Inn by Wyndham Santa Fe
PROPERTY TYPE
Hospitality
TOTAL BUILDING SIZE
70595.136
STORIES
3
ROOM ENTRANCE
Exterior
BUILDING CLASS
B
YEAR BUILT
1986
PARKING SPACES
123
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
Comm
APN/PARCEL ID
018601532
