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Hotel for Sale in Santa Fe New Mexico
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Property Description
The Americas Best Value Inn Lamplighter Inn is located in Santa Fe, New Mexico and is a two-story, 80 unit property built in 1962.
It offers a large indoor pool with hot tub and has recently been renovated. |
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Living Quarters: One of the 80 rentable guest rooms used to be a one-bed room, one bath, and kitchen living quarter, and could easily be converted back to living quarters. |
Santa Fe is a world-renowned travel destination unparalleled in richness of history, heritage, arts and culture.
It is nestled in the Sangre de Cristo Mountains, the foothills of the Rockies, immersed in natural beauty, with an average of 325 days of sunshine and blue sky a year. |
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Hotel Amenities:
- Indoor pool
- Recreation room
- Xeriscape landscaping
- Guest laundry
- Computer for Guest use in Recreation Room
- Exercise equipment
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Several restaurants are located near the hotel:
- India House
- Souper Salad
- Hunan Chinese Restaurant
- Las Salsas Mexican Restaurant
- Dion’s Pizza Restaurant
- Carrow’s
- Outback Steakhouse
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Amenities in every room:
- Air Conditioning
- 80 Channel Cable TV with HBO, CNN, ESPN, and the Weather Station
- 24-Hour High Speed Internet Access In All Rooms and In Public Spaces
- Data Port Telephone
- New – Wireless Internet
- Iron and Ironing Board
- Hair Dryer
- Coffee Maker
- Refrigerator
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Financial Summary
| Price |
$3,090,000 |
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| Terms |
Seller financing with $900,000 down (29%) Balance payable @ 17,000 monthly including 7-1/2% interest per annum. Due and payable in five years. |
| Number of Units |
80 |
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| 12 Months Ending |
12/2010 |
12/2009 |
12/2008 |
| Room Revenue |
$771,615 |
$778,238 |
$881,842 |
| Total Revenue |
$773,922 |
$782,385 |
$886,028 |
| ADR |
$60.69 |
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| Occupancy |
46% |
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