Please Wait ...

Fee simple interest in a receiver controlled 70-room Presidential Inn hotel

Available unencumbered by brand, debt & management

 

Investment Highlights:

  • Opportunity to Affiliate Hotel with Major Brand
  • Offered Significantly Below Replacement Cost
  • 1.72 Acres of Excess Land Included


Berkadia Hotels & Hospitality has been exclusively retained in connection with the solicitation of offers to acquire the fee-simple interest in the 70 room Presidential Inn & Suites (the ‘Hotel’ or ‘Asset’) located at 623 Phoenix CT, Aztec, NM. The Hotel is being offered significantly below replacement cost, unencumbered of management and the current lender will consider financing a new buyer. A buyer has the opportunity to affiliate the Hotel with a major brand. Branding options include Microtel, Comfort Inn, Sleep Inn, Red Lion, Red Roof Inn, and Best Western. Additionally, the sale includes 1.72 acres of land directly in front of the Hotel that is currently zoned commercial.

Presidential Inn & Suites benefits from its location in the Four Corners Region, rich in adventures, national landmarks and parks, hot springs, museums, ancestral ruins and more. The majority of the attractions are less than a three-hour drive from Aztec, making it an ideal headquarters for exploring the Four Corner Region. The Hotel also provides a central location to many oil and gas facilities including LOGOS Resources, Hilcorp Energy, Process Equipment and Service Company (PESCO), and Aztec Well Companies.

Disclaimer: The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions.

Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace, (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property.

You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.

Presidential Inn

623 Phoenix Court, Aztec, NM 87410

Starting Bid:
Current Bid:
  • Asset Type
  • Real Estate
  • Land Area
  • 3.90 Acres
  • Year Built
  • 2013
  • Number of Floors
  • 4
  • Number of Buildings
  • 1
  • Parking Count
  • 76
  • Occupancy
  • 52.30%
  • Occupancy as of
  • Sep 30, 2019
  • Hospitality Type
  • Limited Service
  • Number of Rooms
  • 70 Rooms
  • Average Daily Rate
  • $63.95
  • Revenue Per Room
  • $33.48
  • Platform Fee

    Platform fee for this transaction is 5.00% or a minimum of $25,000.

  • Auctioneer

    1. Lorraine Sachs Garcia

      c/o Fisher Auction Company Inc.

      License: 19301