16 May Charming Santa Fe Boutique Hotel for Sale
Location: Santa Fe & North Central Region, New Mexico
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.
FFE: $375,000 (Included in Price)
Real Estate:$2,200,000 (Included in Price)
Reason For Sale:
Training & Support:
New owners will enjoy ongoing support from the general manager. The Seller will provide remote assistance, details to be negotiated.
Employees: 2 FT, 5 PT
Absentee Owner?: Yes
Details to be provided upon receipt of an NDA and Confidential Buyer Profile.
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.
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.