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    2295 Rt. 66 Santa Rosa, NM 88435

    Sponsored
    For Sale
    $2,700,000

    Santa Rosa, NM Hotel - 34 Keys

    Property size:
    18,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 34-key Econo Lodge Inn & Suites presents a compelling investment opportunity in Santa Rosa, New Mexico. Located directly off historic U.S. Route 66, this 18,000 square foot hotel, built in 1954, benefits from high visibility and a loyal customer base. The property boasts a 5% revenue increase compared to 2023 figures, indicating strong performance and growth potential. Minimal capital improvements are needed, making this an attractive option for first-time hotel buyers. An on-site manager's residence, complete with two bedrooms and two bathrooms, offers significant upside potential for owner-operators seeking to maximize profitability through hands-on management. The seller is actively reviewing all written offers, creating a flexible negotiation environment. This established hotel, operating under the reputable Choice Hotels brand, offers consistent cash flow and a solid foundation for future growth. The property's prime location on Route 66 ensures continued exposure to a steady stream of travelers. This is a rare opportunity to acquire a well-positioned hotel with immediate income potential and significant long-term growth prospects in a desirable New Mexico location. The property is situated at 2295 U.S. Rt. 66, Santa Rosa, NM 88435.

    Property Features for 2295 Rt. 66

    General Information

    Property type
    Hotels
    Square Feet
    18,000 SF

    Building Details

    Year Built
    1954

    HighLights

    • $2,700,000 asking price for a 34‑key hotel.
    • 18,000 square foot hotel built in 1954.
    • Ideal for first‑time hotel buyers with minimal capital improvements needed.
    • 5% revenue increase compared to 2023.
    • On‑site manager's quarters (2 bed/2 bath) offer upside potential.
    • Seller open to negotiating all written offers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Santa Rosa
    County
    Guadalupe
    State
    New Mexico
    Longitude
    -104.6668695
    Latitude
    34.9458399

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    FAQs

    What type of property is this?
    Hotel - Santa Rosa, NM Hotel - 34 Keys
    Where is this hotel located?
    The property is located at 2295 Rt. 66 Santa Rosa, NM.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: $2,700,000 asking price for a 34-key hotel.; 18,000 square foot hotel built in 1954.; Ideal for first-time hotel buyers with minimal capital improvements needed.
    Request Owner's contact information
    2295 Rt. 66 Santa Rosa, NM 88435
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    Santa Rosa, NM 88435
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2295 Rt. 66 Santa Rosa, NM 88435
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