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Indian Hills Inn, Taos Plaza
233 Paseo del Pueblo Sur, Taos, NM 87571
Indian Hills Inn, Taos Plaza
N/A
60
29,000 SF
Hotel & Motel
Economy/ Limited Service
Investment
3%
$62
$25
2
1996
Yes
143,000 SF
3 / 1,000 SF
-
Last Verified 4/12/2010
Listing ID 15801566
Highlights
Taos now welcomes snowboards. Sales are higher from that huge market of boarders, families, students.- The town of Taos is increasing lodgers tax spending on more appropriate marketing = higher sales.
- Recent hotel remodeling will soon be complete yielding needed changes for AAA approval = higher sales.
- Nearly complete remodel project will increase ADR, REVPAR, group, bus business = higher sales.
- Few if any sites for a new lodging facility in Taos with this PRIME convenient downtown location.
- Owner operator is beneficiary or trust and trustee is a licensed NM RE broker. Built from 1963 to 1996.
Description
BELOW 11/2009 BANK APPRAISAL! Northern NM Tourist Area Hotel, Retail Rental, Development property. Winning opportunity for insightful owner/manager/developer. Boutique style hotel is excellent opportunity.
Choice downtown property meets the old RE rule - Location, Location, Location! Located just 2 blocks South of historic Taos Plaza, busiest primary main street in artsy Taos. This is Taos BEST location!
Retail rental 100% occupied. Recently updated solar heated pool. Recent upgrading is improving Guest satisfaction and ADR. AAA approval likely when updating is complete. Warm and inviting upscale lobby.
LT independently operated 54 hotel rooms, lobby, exercise rom, continental breakfast room, meeting room, spacious 2 BR owner/manager unit, 4 retail/office rentals, added 1 acre land avail for development (+300K). Pool in central courtyard of over an acre of grass and tall trees.
Taos is home to many B&Bs that sell for $100,000 per key and up. Here's your opportunity to buy or partner and buy a proprty for under half the price per key of comps. 1 acre for added development - 10-15 casitas, 40-70 rooms, condos, mixed use, or?? for $300,000 - NOW INCLUDED at LP
2 Blocks South of historic Taos Plaza, 20 miles from world famous Taos Ski Valley, 25 miles from Angel Fire Resort, 26 mjiles from Sipapu Summer and Winter Resort. Taos is located at about 7,000 feet, cooler summers yet mild to cool winters. A short 1 hour drive to 6 or 7 golf courses. Similar numbers of museums. 60+ Art galleries withing a couple miles.
Map of 233 Paseo del Pueblo Sur, Taos, NM 87571 (Taos County)
Created 7/14/2008
Additional Information for 233 Paseo Del Pueblo Sur, Taos, NM 87571
View the Property Record for this address to access additional information such as historical listings, property details, tax details, owners, mortgages, tenants, and more.
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-BSO