Investment Overview

As the exclusive representative of the seller, Marcus & Millichap's National Hospitality Division is pleased to present for sale to qualified investors the Quality Inn Taos (‘Hotel’ or ‘Property’). The Choice Hotels International, Inc.-branded Hotel is offered on a call for offers basis. Please reach out to the listing agent for more information. Taos, New Mexico is centrally located and less than a 12-hour drive from Las Vegas, NV, Austin, TX, Kansas City, MO, Oklahoma City, OK, and Salt Lake City, UT; this makes the transient-driven city an ideal location for leisure travelers. The Hotel is near one of Taos busiest highways, Highway 68 (also known as Paseo del Pueblo Sur), which records over 20,000 cars per day. Its location offers access to notable demand generators such as Taos Ski Valley (20.6 miles), which offers 1,294 skiable acres and 111 ski trails. In 2018, Taos Ski Valley began a $300 million infrastructure expansion that has helped revitalize local tourism within the market. Additional demand generators such as Taos Art Gallery, Kit Carson National Forest, Taos Plaza, and Kit Carson Museum are less than five miles from the Property. In 2021, the Hotel achieved nearly $1.5 million in room revenue and an operating income of $436 thousand, or 28.8 percent of total revenues. The asset is currently owned and remotely operated by an absentee owner out of the West Coast. This investment presents significant upside potential for a hands-on owner-operator. Current expenses include provisions for a 3 percent management fee. The Hotel is offered fee simple, unencumbered by a management contract or debt.