70-Room, Limited-Service Hotel in New Mexico to Hit Online Auction Block via RealINSIGHT Marketplace, This December

/70-Room, Limited-Service Hotel in New Mexico to Hit Online Auction Block via RealINSIGHT Marketplace, This December

70-Room, Limited-Service Hotel in New Mexico to Hit Online Auction Block via RealINSIGHT Marketplace, This December

|2019-11-08T14:15:43-05:00November 7th, 2019|

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

About RealINSIGHT Marketplace

RealINSIGHT Marketplace is the preeminent platform for CRE transactions, bringing Buyers, Sellers, and Brokers together to efficiently list, market, and close deals. Marketplace allows local, regional, national, and international investors the opportunity to easily review and bid on commercial real estate assets throughout the country. The sales platform is managed by a dedicated team of commercial real estate experts with over $11B in online real estate sales. RealINSIGHT Marketplace has completed over 2.4B transacted since its inception in early 2017.

As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.