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Rodeway Inn Roswell 2803 W 2nd St 55 Room Hotel Roswell, NM 88201 $3,792,312 CAD ($68,951 CAD/Room)
Investment Highlights
- Location
Executive Summary
Established 61-room hotel offering a well-established
hospitality business with a long operating history, multiple
income streams, and numerous capital improvements. The
current owner has owned and operated the property since
2010. Providing an opportunity for a new owner to acquire
an established business with existing customers, local
business relationships, and operational systems already in
place. The property consists of 4 buildings and includes 61
total rooms. Of those, 58 are rentable quest rooms. Three
additional rooms are currently utilized by staff/employees and
are rented at $600 per month, providing an additional income
stream. The property also utilizes an on-call system,
allowing employees to respond to the front desk when
needed without requiring staff to remain continuously
available at the desk. The hotel has developed a strong
repeat and referral customer base. Approximately 82% of
customers are repeat guests or referrals from local
businesses. The property also accommodates trucking
companies by providing space in-front of the hotel. The front
parking area is graveled and offers convenient access for
guests and commercial vehicles. Guest rooms are equipped
with microwaves and refrigerators. Fans have been installed
in every room, and the owner reports no customer
complaints regarding room temperature since their
installation. The property includes vending machines, ice
machines, laundry facilities, and a swimming pool with
depths ranging from approximately 3 to 9 feet. Additional
amenities include a full breakfast room and a coffee grab-and
-go area. A former full kitchen has been disassembled and
converted into additional storage space. The Kokopelli
meeting room has an approximate capacity of 100 people,
offering additional potential for meetings, gatherings, and
events. The property has benefited from several significant
improvements. The windows were replaced approximately
six years ago, and the roof was replaced approximately eight
years ago. The fire suppression system is up to code. The
property is ADA compliant under grandfathered provisions.
This property is served by gas and electric utilities and
includes several 220-volt power. The water heater system
includes circulating pumps to help provide efficient hot-water
distribution throughout the property. The current owner may
provide detailed training to ease the transition. A
transferable franchise contract is available with
approximately 4 to 5 years remaining. With an established
customer base, strong business referrals, multiple revenue
sources, meeting facilities, on-site amenities, and a history of
continued ownership since 2010, this property presents an
opportunity to acquire an operating hotel business with an
established presence in the market
hospitality business with a long operating history, multiple
income streams, and numerous capital improvements. The
current owner has owned and operated the property since
2010. Providing an opportunity for a new owner to acquire
an established business with existing customers, local
business relationships, and operational systems already in
place. The property consists of 4 buildings and includes 61
total rooms. Of those, 58 are rentable quest rooms. Three
additional rooms are currently utilized by staff/employees and
are rented at $600 per month, providing an additional income
stream. The property also utilizes an on-call system,
allowing employees to respond to the front desk when
needed without requiring staff to remain continuously
available at the desk. The hotel has developed a strong
repeat and referral customer base. Approximately 82% of
customers are repeat guests or referrals from local
businesses. The property also accommodates trucking
companies by providing space in-front of the hotel. The front
parking area is graveled and offers convenient access for
guests and commercial vehicles. Guest rooms are equipped
with microwaves and refrigerators. Fans have been installed
in every room, and the owner reports no customer
complaints regarding room temperature since their
installation. The property includes vending machines, ice
machines, laundry facilities, and a swimming pool with
depths ranging from approximately 3 to 9 feet. Additional
amenities include a full breakfast room and a coffee grab-and
-go area. A former full kitchen has been disassembled and
converted into additional storage space. The Kokopelli
meeting room has an approximate capacity of 100 people,
offering additional potential for meetings, gatherings, and
events. The property has benefited from several significant
improvements. The windows were replaced approximately
six years ago, and the roof was replaced approximately eight
years ago. The fire suppression system is up to code. The
property is ADA compliant under grandfathered provisions.
This property is served by gas and electric utilities and
includes several 220-volt power. The water heater system
includes circulating pumps to help provide efficient hot-water
distribution throughout the property. The current owner may
provide detailed training to ease the transition. A
transferable franchise contract is available with
approximately 4 to 5 years remaining. With an established
customer base, strong business referrals, multiple revenue
sources, meeting facilities, on-site amenities, and a history of
continued ownership since 2010, this property presents an
opportunity to acquire an operating hotel business with an
established presence in the market
Property Facts
| Price | $3,792,312 CAD | Lot Size | 2.44 AC |
| Price Per Room | $68,951 CAD | Building Size | 29,763 SF |
| Sale Type | Investment | No. Rooms | 55 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1963/2020 |
| Building Class | C | Corridor | Interior |
| Zoning | C2 - Hospitality | ||
| Price | $3,792,312 CAD |
| Price Per Room | $68,951 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.44 AC |
| Building Size | 29,763 SF |
| No. Rooms | 55 |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2020 |
| Corridor | Interior |
| Zoning | C2 - Hospitality |
Amenities
- Business Center
- Fitness Center
- Pool
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 7 | $115.17 CAD | - |
| Guest Room | 48 | $96.91 CAD | - |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 413306139749900000001 | Improvements Assessment | $564,688 CAD |
| Land Assessment | $99,966 CAD | Total Assessment | $664,654 CAD |
Property Taxes
Parcel Number
413306139749900000001
Land Assessment
$99,966 CAD
Improvements Assessment
$564,688 CAD
Total Assessment
$664,654 CAD
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Rodeway Inn Roswell | 2803 W 2nd St
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