4298 Cerrillos Rd | Santa Fe, NM 87507
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4298 Cerrillos Rd
Santa Fe, NM 87507
La Quinta Inn by Wyndham Santa Fe · Hospitality Property For Sale
·
70,595 SF
INVESTMENT HIGHLIGHTS
- Corporate-Owned La Quinta Inn – Opportunity to acquire a corporate-owned, 131- room, three-story, La Quinta Inn that sits on 3.72 acres of land
- PIP Cap – Per Section O of the Wyndham Franchise Agreement, there is a favorable PIP cap in place that is transferable to the Buyer
- High Barrier to Entry Market - The property is priced well below replacement cost
- Flying Tortilla Restaurant Included –The next-door restaurant is included in offering. Please see restaurant lease in the data room for information
- Management Upside – The La Quinta will be delivered unencumbered of management
- Centralized Location – The hotel is proximate to a variety of area’s major demand generators, including Santa Fe Plaza and Georgia O’Keeffe Museum
PROPERTY FACTS
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1986/2014 |
| Building Class | B | Tenancy | Single |
| Lot Size | 3.00 AC | Parking Ratio | 1.04/1,000 SF |
| Building Size | 70,595 SF | Corridor | Exterior |
| Zoning | Comm - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.00 AC |
| Building Size | 70,595 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1986/2014 |
| Tenancy | Single |
| Parking Ratio | 1.04/1,000 SF |
| Corridor | Exterior |
| Zoning | Comm - Commercial |
AMENITIES
- Business Center
- Pool
- High Speed Internet Access
- Public Access Wifi
PROPERTY TAXES
| Parcel Number | 018601532 | Improvements Assessment | $7,048,331 |
| Land Assessment | $1,336,577 | Total Assessment | $8,384,908 |
PROPERTY TAXES
Parcel Number
018601532
Land Assessment
$1,336,577
Improvements Assessment
$7,048,331
Total Assessment
$8,384,908
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