Charming Santa Fe Boutique Hotel for Sale

16 May Charming Santa Fe Boutique Hotel for Sale

Posted at 16:40h in by Michael Greene

Price: $2,295,000

Location: Santa Fe & North Central Region, New Mexico

Industry: Hospitality

Listing ID: Boutique Hotel

This a rare opportunity to own a boutique 11-plus room hotel an easy walk from the historic Plaza. This well-maintained, purpose-built inn provides a charming, spotless, and quiet home-away-from home. It has been welcoming guests since the early 1990s and daily strives to maintain its excellent reputation.

The guest rooms feature authentic Santa Fe detailing, hand-crafted furniture and other amenities. The higher-priced rooms feature additional luxuries. Indoor and outdoor common areas provide guests with additional space to relax and unwind.

This hospitality property enjoys close to 100% occupancy from mid-May until late September and is a favorite destination for skiers and legislators over the winter months. Management took advantage of the 2020-21 travel restrictions to upgrade many of the rooms. The roof was thoroughly inspected in 2022, and new HVAC/boiler systems were recently installed.

The current owner reviews the financials, while a capable, long-term manager oversees the staff, marketing and operations. Selective in its hiring practices, most staff stay with the hotel for five years or longer.

Just a short walk from the Plaza and numerous shops, galleries and restaurants, this boutique hotel provides a charming and comfortable base for exploring all that Santa Fe has to offer.

Listing Details

FFE: $375,000 (Included in Price)

Real Estate:$2,200,000 (Included in Price)

Reason For Sale:

Health considerations.

Training & Support:

New owners will enjoy ongoing support from the general manager. The Seller will provide remote assistance, details to be negotiated.

Operation

Employees: 2 FT, 5 PT

Managers: 1

Absentee Owner?: Yes

Location

Facilities Information:

Details to be provided upon receipt of an NDA and Confidential Buyer Profile.

Summary

Competition:

Downtown Santa Fe has a robust network of smaller hotels and B&Bs, which have developed a cooperative working relationship to accommodate the regular influx of tourists.

Potential Growth:

New owners can explore ways to increase bookings over the slower months. Other opportunities can be discussed upon receipt of an NDA and Confidential Buyer Profile.