Log In/Sign Up
Your email has been sent.
Quality Inn & Suites 3695 Cerrillos Rd 116 Room Hotel Santa Fe, NM 87507 $9,237,995 CAD ($79,638 CAD/Room) 9% Cap Rate
Investment Highlights
- RevPAR and occupancy ~25% below compset — significant value-add upside opportunity
- Located just 10 minutes from Historic Downtown Santa Fe and top cultural attractions
- Diverse demand from tourism, government, cultural events, and year-round visitation
- Converted from GreenTree Inn in 2023 with new paint, furniture, and guestroom upgrades
- Proximity to LANL — a $5B annual economic engine driving government lodging demand
- Located along Cerrillos Rd, Santa Fe's #1 retail corridor with ±51,100 VPD
Executive Summary
Broker Of Record
Brian Brockman
Bang Realty-New Mexico, Inc.
20241, 9568 (NM)
2939 Vernon Place, Cincinnati, OH 45219 (866) 889-0550
Brian Brockman
Bang Realty-New Mexico, Inc.
20241, 9568 (NM)
2939 Vernon Place, Cincinnati, OH 45219 (866) 889-0550
Property Facts
| Price | $9,237,995 CAD | Building Size | 32,484 SF |
| Price Per Room | $79,638 CAD | No. Rooms | 116 |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9% | Year Built/Renovated | 1985/2023 |
| Property Type | Hospitality | Parking Ratio | 1.19/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 2.75 AC | ||
| Zoning | C-2 | ||
| Price | $9,237,995 CAD |
| Price Per Room | $79,638 CAD |
| Sale Type | Investment |
| Cap Rate | 9% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.75 AC |
| Building Size | 32,484 SF |
| No. Rooms | 116 |
| No. Stories | 2 |
| Year Built/Renovated | 1985/2023 |
| Parking Ratio | 1.19/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-2 |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 116 | $119.38 CAD | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 018500575 | Improvements Assessment | $3,393,191 CAD |
| Land Assessment | $1,743,505 CAD | Total Assessment | $5,136,696 CAD |
Property Taxes
Parcel Number
018500575
Land Assessment
$1,743,505 CAD
Improvements Assessment
$3,393,191 CAD
Total Assessment
$5,136,696 CAD
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Quality Inn & Suites | 3695 Cerrillos Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.