Winning Opportunity For Hotel Operator / Developer
Location:
United States
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New Mexico
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Taos
Industry: Hotels and Holiday Accommodation > Hotels
Business Summary
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. Additional land availalbe for $300,000 for developing added hotel rooms, suites, casitas, mixed use, owner/partner homes, or???
List price is $2,150,000. 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. Sale offering is for 2.3 acres of land and 28,000 SF of building. Added 1 acre of land is $300,000.
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
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$509,000
Cash Flow:
$203,000
Cash Flow Type: EBITDA
Inventory: $100,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1900
Number of Employees: 10 - 19
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Seller w/c facilitating & training new owner.
Reason For Selling: Time for a career change / some retirement.
Photos
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Click on the "I'm Interested" button above for more information on this Hotels and Holiday Accommodation > Hotels business for sale.
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Print Listing Id: 70087708
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