2295 Rt. 66 Santa Rosa, NM 88435
- Hospitality properties
- 18,000 SF
Current Use by Public Records
- Hospitality properties
Property Details for 2295 Rt. 66
- Year built
- 1954
- Property size
- 18,000 SF
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Santa Rosa
- County
- Guadalupe
- State
- New Mexico
- Longitude
- -104.667
- Latitude
- 34.9458
