Sotheby's International Realty ®
This property has been well maintained, but would benefit from some updating. The actual business components, including branding of the North Road Inn, is included in the sales price. The current success of the Inn has relied heavily on word of mouth. Consequently, the upside to increase value and occupancy through social media and marketing is there. The business model is for extended stay, primarily business travel. Five of the 14 suites have kitchens, and eight of the rooms have a refrigerator and microwave. It was built to be able to add a third story - if desired. The clientele consists mostly of visiting professors/researchers/scientists coming to Los Alamos National Lab. In addition, due to the close proximity to the privately owned ski area - the Inn has seen Olympic athletes staying for their training at high altitudes. All furnishings, linens and appliances, televisions, equipment, appliances, and office equipment stays with the property. It has been in operation for 26 years and runs at about 80-90% occupancy. Manager's Living Quarters (690 sq ft) Property could be used for student housing for nearby UNM - Los Alamos branch; senior housing or co-op housing. Many options for this property.
T. Lance Eaton
EXIT Realty Advantage NM