Listing Agents
Michael Sheppard
T | 505.515.1850
msheppard@paramountlodging.com
Ray Regan
T | 505.220.0460
rregan@paramountlodging.com
Detailed Information
Location
Property Highlights
- Fee simple interest in the 88-room Super 8 by Wyndham Santa Rosa, NM
- Property is being offered for sale through a traditional marketing process at a significant discount to replacement cost
- Available unencumbered of management and debt with ability to retain the Super 8 flag upon completion of PIP
- Strong in-place performance and positive cash flow making the asset readily financeable
- Existing ownership presents prospective owner opportunity to leverage stronger regional operating economies of scale and further drive performance
- Directly visible to and readily accessible via the intersection of Interstate 40 and the world renowned US Route 66 with upwards of 115,000 vehicles per day
- Property is ideally positioned on a nearly 2.4-acre parcel directly on US Route 66
- US Route 66 is a crucial national commercial artery and tourist destination and is one of the most iconic and recognizable thoroughfares in the country
- Ideally located in downtown Santa Rosa and within walking distance of local amenities, tourist and recreation venues, including the Blue Hole and Route 66 Auto Museum
- Optimal time to invest in this steady market that has demonstrated a healthy post-pandemic recovery and remains poised for considerable additional upside