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Property Overview

Price/Rent PSF $ 2,900,000.00
Asset Type Hospitality
Trade Type Sale
SQ. FT. Available Inquire
Date Available 09/21/2022
Additional URL Link
Floors 3
Building size 26169
Search Demographic Data LandCheck Explore financing options
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Description

Location
TBD

Sale
NewGen Advisory is pleased to present for sale, the Farmington Inn located in Farmington, New Mexico. This 99-room independent is an exceptional investment opportunity for an owner-operator. Previously held absentee, the property had struggled to maintain high returns. Now under the guidance of hands-on ownership, the asset has seen a tremendous rise in both revenue and NOI. The impressive 3-story box allows a new owner the potential to brand the property under a franchise that will dictate higher than current ADR, pushing potential returns even higher. Don't miss out on this blooming acquisition opportunity.



Farmington is a city of around 50,000 residents in San Juan County, New Mexico. It's situated along US Highway 64 in the Four Corners Region. The surrounding area is rich in history, having been settled by Native Americans as early as the 7th Century. There are many standing ruins of the groups that used to inhabit the area, many of which are designated as state or national monuments. This rich history and the stunning natural beauty of nearby sites like Shiprock and the Bitsi/De-Na-Zin wilderness make the area highly attractive to outdoor and leisure travelers.

Location (Click here to view the location on the map.)
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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