2803 W 2nd St, Roswell, NM 88201

Property Description

Established 61-room hotel offering a well-established hospitality business with a long operating history, multiple income streams, and numerous capital improvements. The current owner has owned and operated the property since 2010. Providing an opportunity for a new owner to acquire an established business with existing customers, local business relationships, and operational systems already in place. The property consists of 4 buildings and includes 61 total rooms. Of those, 58 are rentable quest rooms. Three additional rooms are currently utilized by staff/employees and are rented at $600 per month, providing an additional income stream. The property also utilizes an on-call system, allowing employees to respond to the front desk when needed without requiring staff to remain continuously available at the desk. The hotel has developed a strong repeat and referral customer base. Approximately 82% of customers are repeat guests or referrals from local businesses. The property also accommodates trucking companies by providing space in-front of the hotel. The front parking area is graveled and offers convenient access for guests and commercial vehicles. Guest rooms are equipped with microwaves and refrigerators. Fans have been installed in every room, and the owner reports no customer complaints regarding room temperature since their installation. The property includes vending machines, ice machines, laundry facilities, and a swimming pool with depths ranging from approximately 3 to 9 feet. Additional amenities include a full breakfast room and a coffee grab-and-go area. A former full kitchen has been disassembled and converted into additional storage space. The Kokopelli meeting room has an approximate capacity of 100 people, offering additional potential for meetings, gatherings, and events. The property has benefited from several significant improvements. The windows were replaced approximately six years ago, and the roof was replaced approximately eight years ago. The fire suppression system is up to code. The property is ADA compliant under grandfathered provisions. This property is served by gas and electric utilities and includes several 220-volt power. The water heater system includes circulating pumps to help provide efficient hot-water distribution throughout the property. The current owner may provide detailed training to ease the transition. A transferable franchise contract is available with approximately 4 to 5 years remaining. With an established customer base, strong business referrals, multiple revenue sources, meeting facilities, on-site amenities, and a history of continued ownership since 2010, this property presents an opportunity to acquire an operating hotel business with an established presence in the market.