Aztec, NM Presidential Inn is being offered significantly below replacement cost with 1.72 Acres included in the sale.
This December, Presidential Inn, a 70-room, limited-service hotel located in Aztec, New Mexico, will be auctioned through the online commercial real estate auction platform, RealINSIGHT Marketplace.
The offering, presented by Berkadia and RealINSIGHT Marketplace, is unencumbered of management and the current lender will consider financing a new buyer. The new buyer will also have the opportunity to affiliate the Hotel with a new major brand, including Microtel, Comfort Inn, Sleep Inn, Red Lion, Red Roof Inn, or Best Western. Additionally, the sale includes 1.72 acres of land directly in front of the Hotel that is currently zoned commercial.
About the Property:
- 70-Rooms
- Limited Service
- Four Floors
- Built in 2013
- Unencumbered of Management
- Offered Significantly Below Replacement Costs
- Opportunity to Affiliate Hotel with Major Brand
- 72 Acres of Excess Land Included
About the Location:
- Strategically Located in the Four Corners Region
- Centrally Located to Many Oil and Gas Facilities
The Presidential Inn benefits from its outstanding location in the Four Corners Region. This area is rich in adventures, national landmarks and parks, hot springs, museums, ancestral ruins and more. 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.
The Auction will be held on RealINSIGHT Marketplace on Monday, December 9th–Wednesday, December 11th.
For more information on Presidential Inn, Aztec, NM
Please visit ri-marketplace.com/presidential
