Purchase Separate or as a Portfolio Portefeuille de services hôteliers à vendre 2 biens Las Vegas, NM

2 Property Portfolio - SELLER FINANCING AVAILABLE
The Castaneda Hotel (castanedahotel.org):
The Castaneda (1899) is a lavishly restored historic hotel, one of the most famous in the Southwest. The 36,000 square foot property consists of 22 guest rooms, a large lounge, beautiful bar and dining room, a state-of-the-art kitchen, and a spectacular owner’s apartment, all wrapped around a courtyard garden. The Castaneda is visible from I-25, the interstate highway connecting Denver, Santa Fe and Albuquerque. The property is one hour north of Santa Fe, and is immediately adjacent to the Las Vegas New Mexico Visitor Center and Amtrak station. Amtrak Southwest Chief stops at the hotel twice daily. The area surrounding the hotel has been the subject of many improvements since the Castaneda restoration began, including new infrastructure, new parking, and several other restorations.
The Castaneda was constructed by the Santa Fe Railway in 1898 and operated by the Fred Harvey Company as their first trackside hotel in the Southwest. In 1899 Teddy Roosevelt hosted his first Rough Riders Reunion here. The Castaneda has been featured in many films, from Red Dawn to Midnight Texas, the West Wing, Speechless, Outer Range etc. The recent three-year multi-$million restoration was heralded with stories throughout the Southwest, including a February 2019 re-opening feature by CBS Sunday Morning on national TV. Beautiful gardens. An architectural treasure.
Total usable area: 36,060
Ground floor: 12,752 SF. Second floor: 12,752 SF
Basement: 4,538 SF. Third floor (attic & storage): 6,018 SF
The Plaza Hotel (Plazahotellvnm.com):
The Plaza (1882) has presided in Victorian splendor over beautiful Plaza Park in Las Vegas NM for 140 years. The Las Vegas Plaza is one of the most beautiful city parks in the Southwest and is home to many regional concerts and celebrations. The 68 room Plaza Hotel has been the subject of several multi $million expansions and improvements in recent years. The excellent (leased) bar and restaurant, as well as meeting rooms and the finest ballroom/event space in the region, all overlook Plaza Park.
This beautiful property is consistently rated one of the most famous in the Southwest, from the era when Las Vegas was the biggest and richest city in New Mexico. The area around the hotel has had many recent improvements, including newly paved streets, city infrastructure, new parking, wayfinding signage, and several nearby restorations. The Plaza Hotel is so picturesque that it has been featured in film for 100 years, from Tom Mix and Easy Rider to Longmire and No Country
for Old Men.
Total usable area: 73,092
Ground floor: 22,102 SF. Second floor: 19,691 SF. Third Floor: 19,691 SF
Basement: 11,608 SF.
Both properties are fully modernized, with new or updated mechanical systems, elevators, laundry rooms, reservation/front desk equipment, security cameras and IT etc. The two hotels are only one mile apart, and are currently operated as a single business: Historic Hotels of Las Vegas New Mexico LLC. This allows them to share a single administration, maintenance staff, housekeepers and front desk team. The two hotels may be purchased together. The properties are being sold fully furnished, with hundreds of beautiful antiques, along with the corporate entities, all operating licenses, websites, reservation sites, intellectual property etc. – an enormous savings of effort and expense for the new owner. Las Vegas New Mexico is a remarkably beautiful town, about 12,000 people, county seat for San Miguel County, one hour north of Santa Fe, with nearly 1000 buildings on the National Register of Historic Places. Las Vegas NM has two hospitals, three colleges, golf course, airport, hot springs, and easy access. There are no comparable historic hospitality properties, in such a beautiful community, for sale anywhere in the Southwest.