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Travelodge Raton 1600 Cedar St 100 Room Hotel Raton, NM 87740 $2,092,800 CAD ($20,928 CAD/Room)
INVESTMENT HIGHLIGHTS
- Owner/Operator Opportunity – Ideal entry-level hotel for and owner operator looking for an affordable entry into hotel ownership.
- Attractive Pricing – Priced below replacement cost at $15,000 per key.
- Value-Add Potential – Underperforming asset with upside through improved management and completion of Property Improvement Plan (PIP).
- Strategic Location – Prime location off I-25 in Raton with strong visibility and steady travel demand.
EXECUTIVE SUMMARY
Newmark Mountain West Commercial Real Estate, in conjunction with Western States Commercial Real Estate, is pleased to present the 100-room Travelodge in Raton, New Mexico. This offering represents a value-add investment opportunity in a high-visibility location just off Interstate 25. Currently operated under absentee ownership, the property has underperformed relative to its competitive set in key performance metrics. An experienced owner-operator has the opportunity to increase operational efficiency, enhancing
guest satisfaction, and driving stronger financial performance. A property improvement plan (PIP) is anticipated with Wyndham and, once completed, is anticipated to deliver long-term upside and repositioning potential for the next owner.
Tours are available by appointment only. To schedule a tour, please contact the broker. It is understood that staff at the property should not be contacted directly.
guest satisfaction, and driving stronger financial performance. A property improvement plan (PIP) is anticipated with Wyndham and, once completed, is anticipated to deliver long-term upside and repositioning potential for the next owner.
Tours are available by appointment only. To schedule a tour, please contact the broker. It is understood that staff at the property should not be contacted directly.
PROPERTY FACTS
| Price | $2,092,800 CAD | Building Size | 28,000 SF |
| Price Per Room | $20,928 CAD | No. Rooms | 100 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1977 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.33 AC | ||
| Zoning | LI - Commercial | ||
| Price | $2,092,800 CAD |
| Price Per Room | $20,928 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.33 AC |
| Building Size | 28,000 SF |
| No. Rooms | 100 |
| No. Stories | 2 |
| Year Built | 1977 |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | LI - Commercial |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 100 | $96.27 CAD | - |
1 1
PROPERTY TAXES
| Parcel Number | 6717 | Improvements Assessment | $628,896 CAD |
| Land Assessment | $49,221 CAD | Total Assessment | $678,117 CAD |
PROPERTY TAXES
Parcel Number
6717
Land Assessment
$49,221 CAD
Improvements Assessment
$628,896 CAD
Total Assessment
$678,117 CAD
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Travelodge Raton | 1600 Cedar St
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