Winning Opportunity For Hotel Operator / Developer
Location New Mexico,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $600000
Net Profit / Cash Flow $300000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 1900
Number of Employees 10 - 19
Inventory 100000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Seller w/c facilitating & training new owner.
Reason for Sale Time for a career change / some retirement.
Description PRICE REDUCTION! Huge and positive changes occurring in the Taos NM lodging market - snowboards, town promotion, more. Major property upgrades - bathrooms, furniture, TVs, solar heated pool, more. Potential to double rooms +, build casitas, establish conference center, upgrade existing, it's your choice. We've set the stage for reacquiring AAA, group business, commercial accounts, small meeting market, etc.
After 34 years, owner is ready to consider a career change. Best located lodging in the town is now available for the first time in decades. LP $2.95 million. Includes hotel, commercial - retail rentals, acreage for growth, etc. Contact for more information on this Hotel for sale.
Opportunity for developer/family group, local partnership to own and operate solid existing business while planning and developing added hotel rooms, suites, casitas, mixed use, owner/partner homes, or???
List price is $2,950,000. Terms are Cash, CTL, Refi. Seller W/C carry W/ solid down. W/C exchange/partial exchange. W/C lease/lease purchase W/ adequate up front investment.
Revenues shown include estimated embezzelment/theft during prior year. Potential is in the $750-800,000+ range plus any future improvements.
Property location is exceptional. Blocks from historic downtown Taos Plaza, walk to 5 museums, 70 galleries, 100 shops, more. Over 1 acre for further development. Value of excess land included in sale price although it does not contribute current income. Retail space offers potential for owner operated business - food, retail.
Seller is owner/agent. Slenes Realty Consultants, Inc. 505-298-7007
Click Here To Contact Seller
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