Hotel-Motel

Quality Inn Taos

Listing Price: Request For Offer

Number of Rooms
99
RevPAR
$37
Gross SF
183,388
Year Built
1974

Investment Overview

Marcus & Millichaps National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Quality Inn Taos. The Choice-branded hotel is offered on a call for offers basis. Constructed in 1974, the subject asset is located along the Highway 68 corridor, two and a half hours northeast of Albuquerque, New Mexico.

This two-story, 99-room hotel presents a new owner the opportunity to acquire a value-add property in Taos, New Mexico. Taos, NM is popular for its world-class ski resorts, historic sites and art galleries and museums. Taos, NM is positioned less than 12 hours from Las Vegas, NV, Austin and Dallas, TX, Kansas City, MO, Oklahoma City and Tulsa, OK and Salt Lake City, UT; this makes the transient-driven city an ideal location for work and leisure travelers alike. When it comes to ski resorts, winter sports and summer activities Taos presents tourists a cheaper alternative to other high end destinations such as Vail, CO and Breckenridge, CO.

Operationally for the twelve-months ending March 2020, the hotel achieved approximately $1.35M in total revenue, resulting in a net operating income of approximately 24 percent of total revenue; about $312,661 before debt service. The asset is anticipated to trade at a significant discount to replacement cost.

The expenses include provisions for a four percent reserve for capital replacement. The hotel is offered fee simple, unencumbered by a management contract and debt.

Investment Highlights

  • 99-Room, Mixed Corridor, Midscale Hotel Located in Taos, New Mexico
  • Less than 12-Hour Drive to Las Vegas, Austin, Kansas City, and Billings
  • Well Positioned with Excellent Visibility from Highway 68
  • Anticipated to Trade Significantly Below Replacement Cost
  • Operational Upside for Prospective Hands-On Owner-Operator Investor
  • Currently Owned and Operated By West Coast Based Absentee Owner

Exclusively Listed By

Listing Price: Request For Offer

Number of Rooms
99
RevPAR
$37
Gross SF
183,388
Year Built
1974

Investment Highlights

  • 99-Room, Mixed Corridor, Midscale Hotel Located in Taos, New Mexico
  • Less than 12-Hour Drive to Las Vegas, Austin, Kansas City, and Billings
  • Well Positioned with Excellent Visibility from Highway 68
  • Anticipated to Trade Significantly Below Replacement Cost
  • Operational Upside for Prospective Hands-On Owner-Operator Investor
  • Currently Owned and Operated By West Coast Based Absentee Owner

Investment Overview

Marcus & Millichaps National Hospitality Group, as an exclusive representative of the seller, is pleased to present for sale to qualified investors the Quality Inn Taos. The Choice-branded hotel is offered on a call for offers basis. Constructed in 1974, the subject asset is located along the Highway 68 corridor, two and a half hours northeast of Albuquerque, New Mexico.

This two-story, 99-room hotel presents a new owner the opportunity to acquire a value-add property in Taos, New Mexico. Taos, NM is popular for its world-class ski resorts, historic sites and art galleries and museums. Taos, NM is positioned less than 12 hours from Las Vegas, NV, Austin and Dallas, TX, Kansas City, MO, Oklahoma City and Tulsa, OK and Salt Lake City, UT; this makes the transient-driven city an ideal location for work and leisure travelers alike. When it comes to ski resorts, winter sports and summer activities Taos presents tourists a cheaper alternative to other high end destinations such as Vail, CO and Breckenridge, CO.

Operationally for the twelve-months ending March 2020, the hotel achieved approximately $1.35M in total revenue, resulting in a net operating income of approximately 24 percent of total revenue; about $312,661 before debt service. The asset is anticipated to trade at a significant discount to replacement cost.

The expenses include provisions for a four percent reserve for capital replacement. The hotel is offered fee simple, unencumbered by a management contract and debt.

Exclusively Listed By

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